The table below looks at the statistics for FINREP skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited FINREP over the 3 months to 30 September 2014 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
30 Sep 2014
Same period 2013 Same period 2012
Financial Reporting (FINREP)
Rank 586 574 566
Rank change year-on-year
-12 -8
Contract jobs citing FINREP 18 13 33
As % of all contract IT jobs located in the UK 0.031% 0.025% 0.057%
As % of the Quality Assurance & Compliance category 0.41% 0.33% 0.74%
Number of daily rates quoted 13 12 27
Average daily rate
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£515 £475 £500
Average daily rate % change year-on-year
+8.42% -5.00%
90% offered a daily rate of more than £430 £375 £363
10% offered a daily rate of more than £550 £550 £550
UK excluding London average daily rate £515 £450 £500
% change year-on-year
+14.44% -10.00%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised across the UK.

Quality Assurance & Compliance Category
UK
Contract IT job ads with a match in the
Quality Assurance & Compliance category
4440 3949 4489
As % of all contract IT jobs located in the UK 7.65% 7.48% 7.77%
Number of daily rates quoted 2715 2340 2509
Average daily rate £400 £425 £420
Average daily rate % change year-on-year
-5.88% +1.19%
90% offered a daily rate of more than £225 £250 £232
10% offered a daily rate of more than £575 £600 £600
UK excluding London average daily rate £375 £350 £375
% change year-on-year
+7.14% -6.66%
Number of hourly rates quoted 220 147 242
Average hourly rate £20.00 £17.50 £19.40
Average hourly rate % change year-on-year
+14.28% -9.79%
90% offered a hourly rate of more than £12.00 £10.50 £10.78
10% offered a hourly rate of more than £45.00 £37.50 £41.80
UK excluding London average hourly rate £20.00 £17.50 £20.00
% change year-on-year
+14.28% -12.50%

FINREP
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing FINREP within the UK as a proportion of the total demand within the Quality Assurance & Compliance category.

FINREP Jobs Demand Trend in the UK

FINREP
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing FINREP within the UK.

FINREP Daily Rate Trend in the UK

FINREP
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing FINREP within the UK over the 3 months to 30 September 2014.

FINREP Daily Rate Histogram in the UK

FINREP
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing FINREP within the UK over the 3 months to 30 September 2014. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England -19 16 £515 +14.44% 2
South West -22 9 £525 +23.52%
London +9 5 £527 +5.40% 2
City of London +28 1 - - 1
Bournemouth - - - -
Dorset - - - -

FINREP
Top 30 Related IT Skills

For the 6 months to 30 September 2014, IT contractor jobs within the UK citing FINREP also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited FINREP.

1 33 (89.19%) Finance
2 29 (78.38%) COREP
3 16 (43.24%) Banking
4 14 (37.84%) Business Analysis
5 10 (27.03%) FATCA
6 9 (24.32%) CIMA
6 9 (24.32%) ACCA
7 8 (21.62%) Sarbanes-Oxley
7 8 (21.62%) GAP Analysis
8 7 (18.92%) Requirements Analysis
8 7 (18.92%) SQL
8 7 (18.92%) Basel III
9 6 (16.22%) CRD IV
10 5 (13.51%) Analytical Skills
10 5 (13.51%) User Acceptance Testing
10 5 (13.51%) Data Warehouse
11 4 (10.81%) Oracle
11 4 (10.81%) Investment Banking
12 3 (8.11%) Stakeholder Engagement
12 3 (8.11%) Data Mapping
12 3 (8.11%) Stakeholder Management
12 3 (8.11%) Data Analysis
12 3 (8.11%) Financial Institution
13 2 (5.41%) Retail
13 2 (5.41%) Data Management
13 2 (5.41%) Retail Banking
13 2 (5.41%) Shell Script
13 2 (5.41%) SQL Server
13 2 (5.41%) SAP
13 2 (5.41%) UNIX

FINREP
Top Related IT Skills by Category

For the 6 months to 30 September 2014, IT contractor jobs within the UK citing FINREP also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited FINREP. Up to 20 skills are shown per category.

Application Platforms
1 2 (5.41%) SAS
Applications
1 1 (2.70%) MS Project
1 1 (2.70%) MS Visio
1 1 (2.70%) MS PowerPoint
Business Applications
1 1 (2.70%) Oracle Financials
Database & Business Intelligence
1 5 (13.51%) Data Warehouse
2 2 (5.41%) Data Mining
2 2 (5.41%) SQL Server
3 1 (2.70%) RDBMS
3 1 (2.70%) Data Mart
3 1 (2.70%) Base SAS
3 1 (2.70%) Oracle Database
3 1 (2.70%) Relational Database
General
1 33 (89.19%) Finance
2 16 (43.24%) Banking
3 4 (10.81%) Investment Banking
4 3 (8.11%) Financial Institution
5 2 (5.41%) Retail Banking
5 2 (5.41%) Retail
6 1 (2.70%) Marketing
Job Titles
1 26 (70.27%) Analyst
2 24 (64.86%) Business Analyst
3 10 (27.03%) Senior Business Analyst
3 10 (27.03%) Senior Analyst
4 4 (10.81%) Developer
5 3 (8.11%) Project Manager
5 3 (8.11%) Consultant
5 3 (8.11%) Financial Business Analyst
6 2 (5.41%) Banking Business Analyst
7 1 (2.70%) Investment Banking Business Analyst
7 1 (2.70%) Lead Business Analyst
7 1 (2.70%) Business Data Analyst
7 1 (2.70%) Data Integration Consultant
7 1 (2.70%) Business Intelligence Architect
7 1 (2.70%) Integration Consultant
7 1 (2.70%) Business Manager
7 1 (2.70%) Banking Analyst
7 1 (2.70%) Data Consultant
7 1 (2.70%) Financial Analyst
7 1 (2.70%) Data Architect
Libraries, Frameworks & Software Standards
1 1 (2.70%) .NET
1 1 (2.70%) XBRL
Miscellaneous
1 5 (13.51%) Analytical Skills
2 2 (5.41%) Credit Risk
3 1 (2.70%) Market Risk
3 1 (2.70%) Data Integration
3 1 (2.70%) Mobile Banking
3 1 (2.70%) Foreign Exchange (FX)
3 1 (2.70%) Derivative
Operating Systems
1 2 (5.41%) UNIX
Processes & Methodologies
1 14 (37.84%) Business Analysis
2 8 (21.62%) GAP Analysis
3 7 (18.92%) Requirements Analysis
4 5 (13.51%) User Acceptance Testing
5 3 (8.11%) Data Mapping
5 3 (8.11%) Stakeholder Engagement
5 3 (8.11%) Stakeholder Management
5 3 (8.11%) Data Analysis
6 2 (5.41%) Data Management
6 2 (5.41%) ETL
6 2 (5.41%) Data Architecture
6 2 (5.41%) Integration Testing
7 1 (2.70%) Dimensional Modelling
7 1 (2.70%) Unit Testing
7 1 (2.70%) Business Transformation
7 1 (2.70%) Business Intelligence
7 1 (2.70%) PRINCE
7 1 (2.70%) Project Management
7 1 (2.70%) Change Management
7 1 (2.70%) Data Security
Programming Languages
1 7 (18.92%) SQL
2 2 (5.41%) Shell Script
3 1 (2.70%) PL/SQL
3 1 (2.70%) VBA
Qualifications
1 9 (24.32%) ACCA
1 9 (24.32%) CIMA
2 1 (2.70%) Degree
2 1 (2.70%) CISM
2 1 (2.70%) CISSP
2 1 (2.70%) PRINCE2 Certification
Quality Assurance & Compliance
1 29 (78.38%) COREP
2 10 (27.03%) FATCA
3 8 (21.62%) Sarbanes-Oxley
4 7 (18.92%) Basel III
5 6 (16.22%) CRD IV
6 2 (5.41%) Solvency II
6 2 (5.41%) QA
7 1 (2.70%) Basel II
7 1 (2.70%) GAAP
7 1 (2.70%) Dodd-Frank
7 1 (2.70%) EMIR
Vendors
1 4 (10.81%) Oracle
2 2 (5.41%) SAP
3 1 (2.70%) Microsoft
3 1 (2.70%) CA
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