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 16 January 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
16 Jan 2017
Same period 2016 Same period 2015
Financial Reporting (FINREP)
UK
Rank 588 621 579
Rank change year-on-year
+33 -42
Contract jobs citing FINREP 4 4 20
As % of all contract IT jobs located in the UK 0.009% 0.008% 0.039%
As % of the Quality Assurance & Compliance category 0.092% 0.078% 0.42%
Number of daily rates quoted 3 3 17
Median daily rate £525 £525 £526
Median daily rate % change year-on-year
- -0.09%
90% offered a daily rate of more than £427 £385 £465
10% offered a daily rate of more than £725 £565 £850
UK excluding London median daily rate £525 £463 £526
% change year-on-year
+13.51% -11.98%
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
4347 5097 4734
As % of all contract IT jobs located in the UK 9.72% 10.22% 9.33%
Number of daily rates quoted 2807 3138 2933
Median daily rate £450 £425 £400
Median daily rate % change year-on-year
+5.88% +6.25%
90% offered a daily rate of more than £275 £270 £220
10% offered a daily rate of more than £625 £600 £585
UK excluding London median daily rate £401 £400 £375
% change year-on-year
+0.12% +6.66%
Number of hourly rates quoted 149 199 176
Median hourly rate £25.00 £40.00 £22.00
Median hourly rate % change year-on-year
-37.50% +81.81%
90% offered a hourly rate of more than £11.18 £14.00 £11.10
10% offered a hourly rate of more than £47.50 £60.98 £47.50
UK excluding London median hourly rate £22.50 £41.75 £23.50
% change year-on-year
-46.10% +77.65%

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 16 January 2017.

FINREP Daily Rate Histogram in the UK

FINREP
Top 5 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 16 January 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
England +16 4 £525 -
London -4 3 £589 +12.14%
Berkshire - 1 £525 -
City of London - 1 £403 -
South East - 1 £525 -

FINREP
Top 30 Related IT Skills

For the 6 months to 16 January 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 15 (88.24%) Finance
2 12 (70.59%) Banking
3 11 (64.71%) Migration
4 8 (47.06%) Stakeholder Management
5 7 (41.18%) COREP
6 4 (23.53%) Data Migration
6 4 (23.53%) Retail
6 4 (23.53%) SAP
7 3 (17.65%) Agile Software Development
7 3 (17.65%) Analytical Skills
8 2 (11.76%) Basel III
8 2 (11.76%) Reference Data
8 2 (11.76%) System Integration Testing
8 2 (11.76%) User Acceptance Testing
8 2 (11.76%) Stress Testing
8 2 (11.76%) Integration Testing
8 2 (11.76%) HFM
8 2 (11.76%) Essbase
8 2 (11.76%) Regression Testing
8 2 (11.76%) Risk Management
8 2 (11.76%) VB
8 2 (11.76%) Hyperion
8 2 (11.76%) Data Modelling
8 2 (11.76%) Microsoft
9 1 (5.88%) XBRL
9 1 (5.88%) ETL
9 1 (5.88%) SAP R/3
9 1 (5.88%) Oracle
9 1 (5.88%) SQL Server
9 1 (5.88%) MS Office

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 (5.88%) MS Office
Business Applications
1 2 (11.76%) HFM
2 1 (5.88%) SAP R/3
Database & Business Intelligence
1 2 (11.76%) Essbase
2 1 (5.88%) Data Mart
2 1 (5.88%) Data Warehouse
2 1 (5.88%) SQL Server
General
1 15 (88.24%) Finance
2 12 (70.59%) Banking
3 4 (23.53%) Retail
4 1 (5.88%) Financial Institution
4 1 (5.88%) General Ledger
4 1 (5.88%) Retail Banking
Job Titles
1 6 (35.29%) Analyst
1 6 (35.29%) Business Analyst
2 5 (29.41%) Report Manager
3 3 (17.65%) Finance Business Analyst
3 3 (17.65%) Financial Analyst
3 3 (17.65%) Project Manager
3 3 (17.65%) Retail Banking Project Manager
4 2 (11.76%) Business Manager
4 2 (11.76%) Business Project Manager
4 2 (11.76%) Finance Manager
4 2 (11.76%) Finance Project Manager
4 2 (11.76%) Financial Controller
4 2 (11.76%) Programme Manager
4 2 (11.76%) Project Analyst
4 2 (11.76%) Retail Banking Business Analyst
5 1 (5.88%) Financial Services Business Analyst
5 1 (5.88%) Lead Business Analyst
5 1 (5.88%) Risk Analyst
5 1 (5.88%) Risk Business Analyst
5 1 (5.88%) SQL Server Developer
Libraries, Frameworks & Software Standards
1 1 (5.88%) Oracle Fusion
1 1 (5.88%) XBRL
1 1 (5.88%) XML
Miscellaneous
1 3 (17.65%) Analytical Skills
2 2 (11.76%) Reference Data
3 1 (5.88%) Credit Risk
3 1 (5.88%) Fintech
Processes & Methodologies
1 11 (64.71%) Migration
2 8 (47.06%) Stakeholder Management
3 4 (23.53%) Data Migration
4 3 (17.65%) Agile Software Development
5 2 (11.76%) Data Modelling
5 2 (11.76%) Integration Testing
5 2 (11.76%) Regression Testing
5 2 (11.76%) Risk Management
5 2 (11.76%) Stress Testing
5 2 (11.76%) System Integration Testing
5 2 (11.76%) User Acceptance Testing
6 1 (5.88%) Business Analysis
6 1 (5.88%) Data Lineage
6 1 (5.88%) Data Management
6 1 (5.88%) ETL
6 1 (5.88%) Logical Data Model
6 1 (5.88%) PDM
6 1 (5.88%) Physical Data Model
6 1 (5.88%) Requirements Management
6 1 (5.88%) Scrum
Programming Languages
1 2 (11.76%) VB
2 1 (5.88%) C#
2 1 (5.88%) SQL
Quality Assurance & Compliance
1 7 (41.18%) COREP
2 2 (11.76%) Basel III
Vendors
1 4 (23.53%) SAP
2 2 (11.76%) Hyperion
2 2 (11.76%) Microsoft
3 1 (5.88%) Oracle