The table below looks at the statistics for FINREP skills in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited FINREP over the 3 months to 31 August 2016 with a comparison to the same period over 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.

3 months to
31 Aug 2016
Same period 2015 Same period 2014
Financial Reporting (FINREP)
Rank 640 657 625
Rank change year-on-year
+17 -32
Contract jobs citing FINREP 5 5 11
As % of all contract IT jobs located in the UK 0.009% 0.009% 0.020%
As % of the Quality Assurance & Compliance category 0.099% 0.090% 0.20%
Number of daily rates quoted 2 5 7
Median daily rate £525 £613 £550
Median daily rate % change year-on-year
-14.28% +11.36%
90% offered a daily rate of more than £465 £600 £485
10% offered a daily rate of more than £585 £660 £562
UK excluding London median daily rate £450 £638 £550
% change year-on-year
-29.41% +15.90%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
5060 5526 5370
As % of all contract IT jobs located in the UK 9.37% 9.43% 9.65%
Number of daily rates quoted 3241 3442 3307
Median daily rate £425 £425 £415
Median daily rate % change year-on-year
- +2.40%
90% offered a daily rate of more than £250 £263 £230
10% offered a daily rate of more than £575 £588 £568
UK excluding London median daily rate £400 £408 £380
% change year-on-year
-1.84% +7.23%
Number of hourly rates quoted 197 225 215
Median hourly rate £28.00 £24.37 £19.50
Median hourly rate % change year-on-year
+14.91% +24.94%
90% offered a hourly rate of more than £10.00 £12.00 £12.00
10% offered a hourly rate of more than £45.15 £56.40 £43.00
UK excluding London median hourly rate £28.15 £25.69 £20.00
% change year-on-year
+9.57% +28.45%

FINREP
Jobs Demand Trend

The demand trend of contract jobs citing FINREP as a proportion of all IT contracts with a match in 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 31 August 2016.

FINREP Daily Rate Histogram in the UK

FINREP
Top 7 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing FINREP within the UK over the 3 months to 31 August 2016. 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +4 3 £600 -2.04% 1
London -21 2 £600 - 1
Edinburgh - 2 £450 -
Scotland - 2 £450 -
South West +16 1 - -
Docklands, London - 1 - -
Gloucestershire - 1 - -

FINREP
Top 30 Related IT Skills

For the 6 months to 31 August 2016, IT contractor jobs citing FINREP also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for FINREP.

1 13 (65.00%) Finance
2 12 (60.00%) COREP
3 8 (40.00%) Risk Management
4 7 (35.00%) Project Management
4 7 (35.00%) Data Management
5 6 (30.00%) Credit Risk
5 6 (30.00%) Migration
5 6 (30.00%) SAS
6 5 (25.00%) Front Office
6 5 (25.00%) Banking
6 5 (25.00%) SAS Enterprise Guide
6 5 (25.00%) Analytics
7 4 (20.00%) Data Architecture
7 4 (20.00%) Risk Analytics
7 4 (20.00%) SAS Data Integration Studio
7 4 (20.00%) Stakeholder Management
8 3 (15.00%) Basel II
8 3 (15.00%) Disaster Recovery
8 3 (15.00%) Management Information System
8 3 (15.00%) Agile Software Development
8 3 (15.00%) Security Testing
8 3 (15.00%) Test Scripting
8 3 (15.00%) Data Lineage
8 3 (15.00%) Analytical Skills
8 3 (15.00%) Translating Business Requirements
8 3 (15.00%) Cash Management
9 2 (10.00%) Data Quality
9 2 (10.00%) Credit Risk Management
9 2 (10.00%) Systems Analysis
9 2 (10.00%) Stress Testing

FINREP
Top Related IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 6 (30.00%) SAS
2 1 (5.00%) CICS
Applications
1 2 (10.00%) MS Excel
2 1 (5.00%) MS Office
2 1 (5.00%) MS PowerPoint
2 1 (5.00%) MS Project
Business Applications
1 1 (5.00%) HFM
Database & Business Intelligence
1 5 (25.00%) SAS Enterprise Guide
2 4 (20.00%) SAS Data Integration Studio
3 2 (10.00%) Data Warehouse
4 1 (5.00%) DB2
4 1 (5.00%) Essbase
General
1 13 (65.00%) Finance
2 5 (25.00%) Banking
2 5 (25.00%) Front Office
3 2 (10.00%) Back Office
3 2 (10.00%) Legal
4 1 (5.00%) Retail
Job Titles
1 13 (65.00%) Analyst
2 7 (35.00%) Business Analyst
3 5 (25.00%) Risk Analyst
3 5 (25.00%) SAS Analyst
3 5 (25.00%) Senior Analyst
4 4 (20.00%) Project Manager
4 4 (20.00%) Report Manager
4 4 (20.00%) Risk Business Analyst
4 4 (20.00%) Senior SAS Analyst
5 3 (15.00%) Data Analyst
5 3 (15.00%) Liquidity Business Analyst
5 3 (15.00%) Regulatory Business Analyst
5 3 (15.00%) Regulatory Reporting Business Analyst
5 3 (15.00%) Report Analyst
6 2 (10.00%) IT Manager
6 2 (10.00%) IT Project Manager
7 1 (5.00%) Credit Analyst
7 1 (5.00%) Financial Business Analyst
7 1 (5.00%) Senior Business Analyst
7 1 (5.00%) Service Analyst
Libraries, Frameworks & Software Standards
1 1 (5.00%) Middleware
1 1 (5.00%) Web Services
Miscellaneous
1 6 (30.00%) Credit Risk
2 3 (15.00%) Analytical Skills
2 3 (15.00%) Management Information System
3 1 (5.00%) Reference Data
3 1 (5.00%) SWIFT
3 1 (5.00%) Taxonomies
3 1 (5.00%) Virtual Team
Processes & Methodologies
1 8 (40.00%) Risk Management
2 7 (35.00%) Data Management
2 7 (35.00%) Project Management
3 6 (30.00%) Migration
4 5 (25.00%) Analytics
5 4 (20.00%) Data Architecture
5 4 (20.00%) Risk Analytics
5 4 (20.00%) Stakeholder Management
6 3 (15.00%) Agile Software Development
6 3 (15.00%) Cash Management
6 3 (15.00%) Data Lineage
6 3 (15.00%) Disaster Recovery
6 3 (15.00%) Security Testing
6 3 (15.00%) Test Scripting
6 3 (15.00%) Translating Business Requirements
7 2 (10.00%) Credit Risk Management
7 2 (10.00%) Data Modelling
7 2 (10.00%) ITIL
7 2 (10.00%) Stress Testing
7 2 (10.00%) Systems Analysis
Programming Languages
1 2 (10.00%) SQL
2 1 (5.00%) COBOL
2 1 (5.00%) JCL
2 1 (5.00%) VB
Quality Assurance & Compliance
1 12 (60.00%) COREP
2 3 (15.00%) Basel II
3 2 (10.00%) Data Quality
4 1 (5.00%) CRD IV
4 1 (5.00%) SEPA
Vendors
1 1 (5.00%) Hyperion