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 28 February 2017 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
28 Feb 2017
Same period 2016 Same period 2015
Financial Reporting (FINREP)
UK
Rank 589 628 594
Rank change year-on-year
+39 -34
Contract jobs citing FINREP 2 7 12
As % of all contract IT jobs located in the UK 0.004% 0.014% 0.023%
As % of the Quality Assurance & Compliance category 0.038% 0.12% 0.20%
Number of daily rates quoted 1 5 12
Median daily rate £403 £455 £550
Median daily rate % change year-on-year
-11.53% -17.27%
UK excluding London median daily rate - £428 £550
% change year-on-year
- -22.27%
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
5297 5929 6080
As % of all contract IT jobs located in the UK 11.64% 11.58% 11.78%
Number of daily rates quoted 3494 3777 3725
Median daily rate £438 £413 £400
Median daily rate % change year-on-year
+5.93% +3.25%
90% offered a daily rate of more than £260 £250 £225
10% offered a daily rate of more than £620 £590 £600
UK excluding London median daily rate £400 £390 £380
% change year-on-year
+2.56% +2.63%
Number of hourly rates quoted 164 200 172
Median hourly rate £22.70 £42.00 £22.50
Median hourly rate % change year-on-year
-45.95% +86.66%
90% offered a hourly rate of more than £11.00 £14.06 £11.00
10% offered a hourly rate of more than £52.50 £60.99 £49.50
UK excluding London median hourly rate £21.50 £42.50 £23.50
% change year-on-year
-49.41% +80.85%

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
Top 3 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 28 February 2017. 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 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
London +18 2 £403 -19.50%
England +14 2 £403 -11.53%
City of London - 1 £403 -

FINREP
Top 30 Related IT Skills

For the 6 months to 28 February 2017, 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 12 (85.71%) Finance
1 12 (85.71%) IFRS
2 9 (64.29%) Migration
2 9 (64.29%) Banking
3 8 (57.14%) Stakeholder Management
4 7 (50.00%) IFRS 9
5 5 (35.71%) COREP
6 4 (28.57%) SAP
6 4 (28.57%) Retail
7 3 (21.43%) Analytical Skills
7 3 (21.43%) Agile Software Development
7 3 (21.43%) Data Migration
8 2 (14.29%) Basel III
8 2 (14.29%) Reference Data
8 2 (14.29%) Integration Testing
8 2 (14.29%) User Acceptance Testing
8 2 (14.29%) System Integration Testing
8 2 (14.29%) HFM
8 2 (14.29%) Essbase
8 2 (14.29%) Regression Testing
8 2 (14.29%) Risk Management
8 2 (14.29%) VB
8 2 (14.29%) Hyperion
8 2 (14.29%) Microsoft
9 1 (7.14%) XBRL
9 1 (7.14%) C#
9 1 (7.14%) SQL
9 1 (7.14%) SAP R/3
9 1 (7.14%) Oracle
9 1 (7.14%) SQL Server

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:

Applications
1 1 (7.14%) MS Office
Business Applications
1 2 (14.29%) HFM
2 1 (7.14%) SAP R/3
Database & Business Intelligence
1 2 (14.29%) Essbase
2 1 (7.14%) Data Mart
2 1 (7.14%) Data Warehouse
2 1 (7.14%) SQL Server
General
1 12 (85.71%) Finance
2 9 (64.29%) Banking
3 4 (28.57%) Retail
4 1 (7.14%) Financial Institution
4 1 (7.14%) General Ledger
4 1 (7.14%) Retail Banking
Job Titles
1 5 (35.71%) Analyst
1 5 (35.71%) Business Analyst
2 3 (21.43%) Project Manager
2 3 (21.43%) Report Manager
2 3 (21.43%) Retail Banking Project Manager
3 2 (14.29%) Business Manager
3 2 (14.29%) Business Project Manager
3 2 (14.29%) Finance Business Analyst
3 2 (14.29%) Finance Manager
3 2 (14.29%) Finance Project Manager
3 2 (14.29%) Financial Analyst
3 2 (14.29%) Financial Controller
3 2 (14.29%) Programme Manager
3 2 (14.29%) Project Analyst
3 2 (14.29%) Retail Banking Business Analyst
4 1 (7.14%) Developer
4 1 (7.14%) Lead Business Analyst
4 1 (7.14%) SQL Developer
4 1 (7.14%) SQL Server Developer
Libraries, Frameworks & Software Standards
1 1 (7.14%) Oracle Fusion
1 1 (7.14%) XBRL
1 1 (7.14%) XML
Miscellaneous
1 3 (21.43%) Analytical Skills
2 2 (14.29%) Reference Data
3 1 (7.14%) Credit Risk
3 1 (7.14%) Fintech
Processes & Methodologies
1 9 (64.29%) Migration
2 8 (57.14%) Stakeholder Management
3 3 (21.43%) Agile Software Development
3 3 (21.43%) Data Migration
4 2 (14.29%) Integration Testing
4 2 (14.29%) Regression Testing
4 2 (14.29%) Risk Management
4 2 (14.29%) System Integration Testing
4 2 (14.29%) User Acceptance Testing
5 1 (7.14%) Business Analysis
5 1 (7.14%) Data Modelling
5 1 (7.14%) ETL
5 1 (7.14%) Requirements Management
5 1 (7.14%) Scrum
5 1 (7.14%) Stress Testing
Programming Languages
1 2 (14.29%) VB
2 1 (7.14%) C#
2 1 (7.14%) SQL
Quality Assurance & Compliance
1 12 (85.71%) IFRS
2 7 (50.00%) IFRS 9
3 5 (35.71%) COREP
4 2 (14.29%) Basel III
Vendors
1 4 (28.57%) SAP
2 2 (14.29%) Hyperion
2 2 (14.29%) Microsoft
3 1 (7.14%) Oracle