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 6 March 2015 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
6 Mar 2015
Same period 2014 Same period 2013
Financial Reporting (FINREP)
Rank 572 518 538
Rank change year-on-year
-54 +20
Contract jobs citing FINREP 10 41 2
As % of all contract IT jobs located in the UK 0.020% 0.083% 0.004%
As % of the Quality Assurance & Compliance category 0.25% 1.06% 0.062%
Number of daily rates quoted 9 23 1
Average daily rate
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£550 £575 £475
Average daily rate % change year-on-year
-4.34% +21.05%
UK excluding London average daily rate £550 £600 -
% change year-on-year
-8.33% -
Number of hourly rates quoted 0 0 1
Average hourly rate - - £90.50
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
3984 3882 3231
As % of all contract IT jobs located in the UK 7.82% 7.87% 7.22%
Number of daily rates quoted 2327 2288 1830
Average daily rate £400 £405 £400
Average daily rate % change year-on-year
-1.23% +1.25%
90% offered a daily rate of more than £225 £245 £225
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £383 £368 £338
% change year-on-year
+4.08% +8.88%
Number of hourly rates quoted 129 151 190
Average hourly rate £19.50 £16.50 £20.00
Average hourly rate % change year-on-year
+18.18% -17.50%
90% offered a hourly rate of more than £11.00 £10.76 £10.50
10% offered a hourly rate of more than £47.54 £40.60 £49.00
UK excluding London average hourly rate £19.00 £16.75 £20.00
% change year-on-year
+13.43% -16.25%

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 6 March 2015.

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 6 March 2015. 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 -54 10 £550 -5.70% 7
London -27 4 £550 - 6
City of London +5 1 - - 4
South East - - - -
Milton Keynes - - - -
Buckinghamshire - - - -

FINREP
Top 30 Related IT Skills

For the 6 months to 6 March 2015, 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 30 (83.33%) Finance
2 27 (75.00%) COREP
3 22 (61.11%) Banking
4 12 (33.33%) Business Analysis
5 9 (25.00%) FATCA
5 9 (25.00%) CRD IV
5 9 (25.00%) Project Management
5 9 (25.00%) Investment Banking
6 8 (22.22%) Sarbanes-Oxley
6 8 (22.22%) ACCA
6 8 (22.22%) CIMA
7 7 (19.44%) GAP Analysis
7 7 (19.44%) PRINCE2
7 7 (19.44%) Stakeholder Management
8 6 (16.67%) Agile Software Development
8 6 (16.67%) Requirements Analysis
8 6 (16.67%) Waterfall
8 6 (16.67%) Basel III
9 5 (13.89%) Matrix Management
9 5 (13.89%) Time Management
9 5 (13.89%) Retail Banking
9 5 (13.89%) Resource Management
9 5 (13.89%) Retail
9 5 (13.89%) PMP
9 5 (13.89%) PMI Certification
9 5 (13.89%) Change Management
10 4 (11.11%) SQL
10 4 (11.11%) Data Warehouse
10 4 (11.11%) Data Management
10 4 (11.11%) Information Management

FINREP
Top Related IT Skills by Category

For the 6 months to 6 March 2015, 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.

Database & Business Intelligence
1 4 (11.11%) Data Warehouse
2 1 (2.78%) Oracle Reports
Development Applications
1 1 (2.78%) JIRA
General
1 30 (83.33%) Finance
2 22 (61.11%) Banking
3 9 (25.00%) Investment Banking
4 5 (13.89%) Retail
4 5 (13.89%) Retail Banking
5 3 (8.33%) General Ledger
6 2 (5.56%) Publishing
6 2 (5.56%) Financial Institution
7 1 (2.78%) Telecoms
Job Titles
1 25 (69.44%) Analyst
2 21 (58.33%) Business Analyst
3 8 (22.22%) Senior Business Analyst
3 8 (22.22%) Senior Analyst
4 7 (19.44%) Project Manager
5 3 (8.33%) Programme Manager
5 3 (8.33%) Banking Business Analyst
6 2 (5.56%) Senior Manager
6 2 (5.56%) Delivery Manager
6 2 (5.56%) Business Project Manager
6 2 (5.56%) Business Manager
6 2 (5.56%) Banking Analyst
7 1 (2.78%) Senior Services Delivery Manager
7 1 (2.78%) Financial Business Analyst
7 1 (2.78%) Services Delivery Manager
7 1 (2.78%) Service Manager
7 1 (2.78%) Analyst Developer
7 1 (2.78%) Senior Programme Manager
7 1 (2.78%) Developer
7 1 (2.78%) Architect
Libraries, Frameworks & Software Standards
1 3 (8.33%) XBRL
Miscellaneous
1 3 (8.33%) Analytical Skills
2 2 (5.56%) Credit Risk
2 2 (5.56%) Mobile Banking
3 1 (2.78%) Management Information System
3 1 (2.78%) Computer Science
Operating Systems
1 1 (2.78%) UNIX
Processes & Methodologies
1 12 (33.33%) Business Analysis
2 9 (25.00%) Project Management
3 7 (19.44%) GAP Analysis
3 7 (19.44%) PRINCE2
3 7 (19.44%) Stakeholder Management
4 6 (16.67%) Waterfall
4 6 (16.67%) Requirements Analysis
4 6 (16.67%) Agile Software Development
5 5 (13.89%) Resource Management
5 5 (13.89%) Matrix Management
5 5 (13.89%) Time Management
5 5 (13.89%) Change Management
6 4 (11.11%) Data Management
6 4 (11.11%) Information Management
6 4 (11.11%) Data Analysis
7 3 (8.33%) Enterprise Data Management
7 3 (8.33%) Data Modelling
7 3 (8.33%) Validation
7 3 (8.33%) Migration
7 3 (8.33%) Data Migration
Programming Languages
1 4 (11.11%) SQL
2 1 (2.78%) Shell Script
Qualifications
1 8 (22.22%) ACCA
1 8 (22.22%) CIMA
2 5 (13.89%) PMP
2 5 (13.89%) PMI Certification
3 2 (5.56%) PRINCE2 Certification
4 1 (2.78%) ISEB
4 1 (2.78%) ISTQB
4 1 (2.78%) Degree
4 1 (2.78%) VCP4
4 1 (2.78%) ISTQB Foundation Certification
Quality Assurance & Compliance
1 27 (75.00%) COREP
2 9 (25.00%) FATCA
2 9 (25.00%) CRD IV
3 8 (22.22%) Sarbanes-Oxley
4 6 (16.67%) Basel III
5 2 (5.56%) Basel II
6 1 (2.78%) Solvency II
Systems Management
1 1 (2.78%) HP Quality Center
Vendors
1 3 (8.33%) Oracle
2 2 (5.56%) Cognos
3 1 (2.78%) HP
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