The first table below looks at the prevalence of the term Market Risk in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Market Risk over the 3 months to 23 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all terms in our Miscellaneous category.

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
23 May 2013
Same period 2012 Same period 2011
Market Risk
Rank 266 239 175
Rank change year-on-year
-27 -64
Contract jobs citing Market Risk 312 420 692
As % of all contract IT jobs located in the UK 0.673% 0.720% 1.115%
As % of the Miscellaneous category 2.541% 2.934% 3.963%
Number of daily rates quoted 209 342 432
Average daily rate £558 £550 £575
Average daily rate % change year-on-year
+1.45% -4.34%
90% offered a daily rate of more than £450 £375 £441
10% offered a daily rate of more than £630 £650 £700
UK excluding London average daily rate £575 £425 £400
% change year-on-year
+35.29% +6.25%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All of the Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
12277 14313 17463
As % of all contract IT jobs located in the UK 26.50% 24.52% 28.14%
Number of daily rates quoted 7372 8397 10373
Average daily rate £425 £425 £525
Average daily rate % change year-on-year
- -19.04%
90% offered a daily rate of more than £248 £250 £275
10% offered a daily rate of more than £600 £600 £650
UK excluding London average daily rate £350 £345 £340
% change year-on-year
+1.44% +1.47%
Number of hourly rates quoted 533 663 738
Average hourly rate £22.50 £22.50 £23.36
Average hourly rate % change year-on-year
- -3.68%
90% offered a hourly rate of more than £12.50 £12.50 £11.25
10% offered a hourly rate of more than £44.25 £45.00 £42.00
UK excluding London average hourly rate £22.50 £23.00 £26.50
% change year-on-year
-2.17% -13.20%

Market Risk
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Market Risk within the UK as a proportion of the total demand within the Miscellaneous category.

Market Risk Jobs Demand Trend

Market Risk
Daily Rate Trend

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

Market Risk Daily Rate Trend

Market Risk
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Market Risk within the UK over the 3 months to 23 May 2013.

Market Risk Daily Rate Histogram

Market Risk
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Market Risk within the UK.

Market Risk Hourly Rate Trend

Market Risk
Top 12 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Market Risk within the UK over the 3 months to 23 May 2013. 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 each for more statistics)
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
England -18 308 £558 +1.45%
London -18 305 £554 +0.72%
City of London -5 124 £550 -
Canary Wharf +4 15 £594 +13.14%
Scotland - 3 £450 -
Glasgow - 3 £450 -
Chesterfield - 2 £575 -
Derbyshire - 2 £575 -
East Midlands - 2 £575 -
Docklands, London -4 1 £575 +3.13%
East of England - 1 - -
Cambridgeshire - 1 - -

Market Risk
Top 30 Related IT Skills

For the 6 months to 23 May 2013, IT contractor jobs within the UK citing Market Risk 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 Market Risk.

1 260 (49.15%) Banking
2 238 (44.99%) SQL
3 220 (41.59%) Finance
4 187 (35.35%) Investment Banking
5 170 (32.14%) Risk Management
6 139 (26.28%) Credit Risk
7 134 (25.33%) Derivative
8 114 (21.55%) C#
9 111 (20.98%) Front Office
10 102 (19.28%) VBA
11 99 (18.71%) Degree
12 93 (17.58%) Business Analysis
13 88 (16.64%) Data Warehouse
14 85 (16.07%) Oracle
14 85 (16.07%) Project Management
15 76 (14.37%) Foreign Exchange (FX)
16 69 (13.04%) Data Modelling
16 69 (13.04%) Data Analysis
16 69 (13.04%) Credit Derivative
17 66 (12.48%) UML
17 66 (12.48%) SQL Server
17 66 (12.48%) Stress Testing
18 64 (12.10%) Analytics
19 63 (11.91%) Fixed Income
20 62 (11.72%) .NET
21 61 (11.53%) Java
22 59 (11.15%) Agile Software Development
23 56 (10.59%) SQL Server Analysis Services
24 53 (10.02%) MS Excel
25 48 (9.074%) User Acceptance Testing

Market Risk
Top Related IT Skills by Category

For the 6 months to 23 May 2013, IT contractor jobs within the UK citing Market Risk 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 Market Risk. Up to 20 skills are shown per category.

Application Development
1 62 (11.72%) .NET
2 30 (5.671%) MDX
3 25 (4.726%) XML
4 19 (3.592%) WPF
5 16 (3.025%) WCF
6 15 (2.836%) ASP.NET
7 14 (2.647%) FpML
8 12 (2.268%) Web Services
8 12 (2.268%) Spring
9 8 (1.512%) JMS
9 8 (1.512%) J2EE
9 8 (1.512%) JDBC
10 7 (1.323%) .NET Framework
10 7 (1.323%) Spring MVC
11 6 (1.134%) LINQ
12 5 (0.945%) HTML
13 4 (0.756%) STL
14 3 (0.567%) SciPy
15 2 (0.378%) Silverlight
15 2 (0.378%) Boost C++ Libraries
Application Platforms
1 10 (1.890%) TIBCO EMS
2 6 (1.134%) SharePoint
3 5 (0.945%) SharePoint Server
4 3 (0.567%) SAS
5 2 (0.378%) IIS
Applications
1 53 (10.02%) MS Excel
2 17 (3.214%) PowerPivot
3 10 (1.890%) MS Project
4 8 (1.512%) MS Visio
5 7 (1.323%) MS Office
6 4 (0.756%) MS PowerPoint
Business Applications
1 10 (1.890%) Adaptiv
2 5 (0.945%) Summit
3 4 (0.756%) Bloomberg TOMS
4 2 (0.378%) Kondor+
Communications & Networking
1 9 (1.701%) SAN
2 6 (1.134%) NAS
3 4 (0.756%) HTTP
4 3 (0.567%) Firewall
4 3 (0.567%) HTTPS
5 2 (0.378%) LAN
5 2 (0.378%) WAN
5 2 (0.378%) FTP
Database & Business Intelligence
1 88 (16.64%) Data Warehouse
2 66 (12.48%) SQL Server
3 56 (10.59%) SQL Server Analysis Services
4 35 (6.616%) MS Access
5 31 (5.860%) OLAP
6 25 (4.726%) QlikView
7 20 (3.781%) TOAD
8 18 (3.403%) Oracle OLAP
8 18 (3.403%) RDBMS
9 17 (3.214%) SQLPlus
9 17 (3.214%) SQL Server Reporting Services
9 17 (3.214%) SQL Server Integration Services
10 14 (2.647%) Microsoft Analysis Services
11 11 (2.079%) Data Mining
12 10 (1.890%) SQL Server 2008
13 8 (1.512%) OLTP
14 7 (1.323%) Sybase IQ
15 6 (1.134%) SQL Server 2005
15 6 (1.134%) Big Data
16 5 (0.945%) Oracle 10g
Development Applications
1 29 (5.482%) JIRA
2 14 (2.647%) ClearCase
3 9 (1.701%) QuickTest Pro
4 8 (1.512%) TeamCity
5 7 (1.323%) CruiseControl
5 7 (1.323%) Maven
5 7 (1.323%) JUnit
5 7 (1.323%) jMock
6 5 (0.945%) TestDirector
7 4 (0.756%) Visual Studio
7 4 (0.756%) Subversion
8 3 (0.567%) ERwin
9 2 (0.378%) Expression Blend
9 2 (0.378%) FishEye
9 2 (0.378%) Balsamiq Mockups
10 1 (0.189%) NUnit
10 1 (0.189%) ClearQuest
10 1 (0.189%) Rhino Mocks
10 1 (0.189%) Moq
10 1 (0.189%) Team Foundation Server
General
1 260 (49.15%) Banking
2 220 (41.59%) Finance
3 187 (35.35%) Investment Banking
4 111 (20.98%) Front Office
5 22 (4.159%) Financial Institution
6 12 (2.268%) French Language
7 11 (2.079%) Back Office
8 10 (1.890%) Advertising
9 9 (1.701%) Legal
10 6 (1.134%) Private Banking
11 4 (0.756%) Retail
12 1 (0.189%) Retail Banking
12 1 (0.189%) Corporate Banking
12 1 (0.189%) General Ledger
12 1 (0.189%) Spanish Language
12 1 (0.189%) International Banking
Job Titles
1 243 (45.94%) Analyst
2 183 (34.59%) Developer
3 175 (33.08%) Business Analyst
4 105 (19.85%) Market Risk Analyst
5 86 (16.26%) Risk Analyst
6 85 (16.07%) Market Risk Business Analyst
7 56 (10.59%) Market Analyst
8 55 (10.40%) C# Developer
9 54 (10.21%) Project Manager
10 51 (9.641%) Investment Banking Business Analyst
11 41 (7.750%) Market Risk Developer
12 31 (5.860%) Senior Developer
13 25 (4.726%) Technical Analyst
14 24 (4.537%) Banking Business Analyst
15 23 (4.348%) Excel Developer
15 23 (4.348%) VBA Developer
16 21 (3.970%) SQL Developer
17 20 (3.781%) RAD Developer
17 20 (3.781%) Technical Business Analyst
18 18 (3.403%) Excel VBA Developer
Miscellaneous
1 139 (26.28%) Credit Risk
2 134 (25.33%) Derivative
3 76 (14.37%) Foreign Exchange (FX)
4 69 (13.04%) Credit Derivative
5 63 (11.91%) Fixed Income
6 31 (5.860%) Equities
7 26 (4.915%) Reference Data
8 21 (3.970%) Wiki
9 20 (3.781%) Computer Science
10 19 (3.592%) Management Information System
10 19 (3.592%) Mathematics
11 12 (2.268%) Physics
12 10 (1.890%) Economics
13 8 (1.512%) Interest Rate Derivative
14 5 (0.945%) Swaptions
14 5 (0.945%) Equity Derivative
15 4 (0.756%) N-Tier
16 3 (0.567%) PMI
16 3 (0.567%) Hedge funds
16 3 (0.567%) Statistics
Operating Systems
1 16 (3.025%) UNIX
2 14 (2.647%) Windows
3 13 (2.457%) Linux
4 7 (1.323%) Red Hat Enterprise Linux
5 3 (0.567%) Solaris
6 2 (0.378%) Windows Server 2008
6 2 (0.378%) Windows Server 2003
6 2 (0.378%) SUSE
Processes & Methodologies
1 170 (32.14%) Risk Management
2 93 (17.58%) Business Analysis
3 85 (16.07%) Project Management
4 69 (13.04%) Data Modelling
4 69 (13.04%) Data Analysis
5 66 (12.48%) UML
5 66 (12.48%) Stress Testing
6 64 (12.10%) Analytics
7 59 (11.15%) Agile Software Development
8 48 (9.074%) User Acceptance Testing
9 37 (6.994%) Validation
10 36 (6.805%) RAD
10 36 (6.805%) Risk Analytics
11 35 (6.616%) TDD
12 34 (6.427%) Test Scripting
13 33 (6.238%) Unit Testing
14 32 (6.049%) Multithreading
14 32 (6.049%) OO
15 30 (5.671%) Monte Carlo Method
16 26 (4.915%) Business Intelligence
Programming Languages
1 238 (44.99%) SQL
2 114 (21.55%) C#
3 102 (19.28%) VBA
4 61 (11.53%) Java
5 48 (9.074%) Python
6 20 (3.781%) VBScript
7 19 (3.592%) Perl
8 16 (3.025%) C++
9 15 (2.836%) Jython
10 11 (2.079%) Shell Script
11 9 (1.701%) PL/SQL
12 7 (1.323%) C
12 7 (1.323%) VB
13 6 (1.134%) VB6
14 4 (0.756%) R
15 3 (0.567%) MATLAB
15 3 (0.567%) T-SQL
15 3 (0.567%) VB.NET
16 2 (0.378%) JavaScript
Qualifications
1 99 (18.71%) Degree
2 6 (1.134%) Postgraduate
3 4 (0.756%) PMI Certification
4 3 (0.567%) PhD
5 2 (0.378%) CFA
5 2 (0.378%) PMP
5 2 (0.378%) ITIL Certification
5 2 (0.378%) ISEB
5 2 (0.378%) MBA
6 1 (0.189%) ACCA
6 1 (0.189%) PRINCE2 Certification
6 1 (0.189%) ISTQB
Quality Assurance & Compliance
1 42 (7.940%) Basel III
2 26 (4.915%) Basel II
3 15 (2.836%) QA
4 3 (0.567%) Data Quality
5 2 (0.378%) SLA
6 1 (0.189%) Sarbanes-Oxley
6 1 (0.189%) ISO 9001
System Software
1 1 (0.189%) Active Directory
Systems Management
1 10 (1.890%) HP Quality Center
Vendors
1 85 (16.07%) Oracle
2 30 (5.671%) Microsoft
3 28 (5.293%) Business Objects
4 24 (4.537%) Murex
5 20 (3.781%) Sybase
6 11 (2.079%) SunGard
7 10 (1.890%) TIBCO
7 10 (1.890%) Bloomberg
8 7 (1.323%) Algorithmics
8 7 (1.323%) Red Hat
8 7 (1.323%) SAP
9 6 (1.134%) Calypso
10 5 (0.945%) Remedy
11 4 (0.756%) StatPro
11 4 (0.756%) Perforce
12 3 (0.567%) Reuters
12 3 (0.567%) Twitter
13 2 (0.378%) Wall Street Systems
13 2 (0.378%) Vertica
13 2 (0.378%) ParAccel
City of London
Senior Business Analyst required in London to work for a top financial consultancy, it will be essential to have previous experience working in an investment bank. My client...
Mint
Rate: £400 - £470 per annum
Posted: 2 May 2013
London
I currently have an opportunity with a top investment bank's risk IT team. The role is for a tactical developer to work closely with variousrisk teams to...
Real Staffing
Rate: £550 per day
Posted: 15 May 2013
City of London
Credit Risk BA, Banking,London, Risk Management, £400-450pd A leading bank is currently looking for a Credit Risk with excellent credit risk management experience and credit risk...
Orgtel
Rate: £400 - £450 per day + Bonus + Package
Posted: 15 May 2013
London
Proactively contribute to the definition of credit risk methodologies, shaping them to align to the available data. Key point of contact for front office and credit risk teams...
Hydrogen Group
Rate: £350.00 - £450.00 per day
Posted: 20 May 2013
London
An exciting opportunity has arisen for a business analyst to join the Risk Management space within a leading investment bank. This business analyst will be involved Responsible for...
Real Staffing
Rate: £250 - £350 per day
Posted: 16 May 2013
London
The responsibilities will include: Working with Senior Risk Managers and Quants to develop VaR methodology improvements. Performing analysis of methodology enhancements. Review of model inputs and time series...
Hydrogen Group
Rate: £350.00 - £450.00 per day
Posted: 20 May 2013
City of London
Regulatory Risk BA, Banking,London, Risk Management, £450-500 per day A leading bank is currently looking for a Regulatory Risk Business Analyst with excellent Regulatory risk management...
Orgtel
Posted: 15 May 2013
City of London
Rates CSA Project Manager-Collateral-Banking-Contract-London An experienced CSA (Collateral Support Annex) Project Manager is needed for a top tier investment bank in Canary Wharf for...
Real Staffing
Rate: £550 - £650 per day
Posted: 15 May 2013
City, London
Our client is looking for an experienced C# developer, with extensive knowledge of SQL server specifically SSIS to join a well regarded team within the London office. You...
Aston Carter
Rate: £500 - £600 per day
Posted: 21 May 2013
London
Market Risk Analyst - Credit - OTCMy top tier investment banking client is currently looking to hire a number of Risk Analysts to join their Market Risk team to lead...
Rate: Market - Please Quote
Posted: 3 May 2013
City of London
Market Risk Analyst - Collateral Haircut**Previous experience applying/calculating collateral haircuts is essential**My top tier investment banking client is currently looking to hire a number of Risk...
Rate: Market - Please Quote
Posted: 10 May 2013
Edinburgh, Scotland
Business Analyst, Banking,Edinburgh, Risk Management, £300 - 350 per day A leading bank is currently looking for a Business Analyst with excellent risk experience to join theirEdinburghoffice in...
Orgtel
Rate: £300 - £350 per annum
Posted: 15 May 2013
City, London
Our client is looking for an experienced C# developer, with extensive knowledge of SQL server and the associated BI technologies (SSRS SSIS etc) to join a well regarded...
Aston Carter
Rate: £500 - £600 per day
Posted: 17 May 2013
City of London
The C# Developer will develop using the latest technologies such as WPF, WCF and SQL Server... Key Experience: Agile/Scrum/TDD C#/.NET/WPF/WCF/Visual Studio/SQL...
Real Staffing
Rate: £500 - £600 per day
Posted: 15 May 2013
City of London
Contract Java Developer x 2 - London - derivatives, VaR, IRD Swaps - Central London - c. 700p/d 12 mthsKey skills: Java development, derivatives, Swaps, Interest Rate Derivatives, trade level NVP,...
Deerfoot IT Resources Ltd
Rate: £600 - £700 per day
Posted: 12 May 2013
City, London
We are looking for an experienced 'front to back' C# developer, to work on this GREENFIELD project for our client based in the city of London. You will...
Aston Carter
Rate: £500 - £550 per day
Posted: 22 May 2013
City, London
This person will be responsible for end-to-end process of collating market risk data with overall ownership of the Equity Derivatives Business, both global and regional... Ownership...
Hydrogen Group
Rate: £300.00 - £350.00 per annum
Posted: 20 May 2013
London
C# winforms, WPF, equity risk, Investment banking, London... You will have excellent knowledge of C#3.5, winforms, SQL 2005/8 ... Agile development experience is an advantage Exposure...
Aston Carter
Rate: Excellent rates
Posted: 16 May 2013
City, London
Equities, FX, Fixed Income, Credit Risk, Market Risk, Dodd Frank, Regulatory, Oracle, Coherence, Geneos, Monitoring Tools... This application support team has over 200 feeds going into one core...
Aston Carter
Rate: £450 - £600 per day
Posted: 20 May 2013
City of London
Python SQL Developer Finance London Investment Bank Market Risk My Tier 1 Investment Banking Client is looking for a solid Python/ SQL Developer to set up a new...
Huxley Associates
Rate: £450 - £600 per day + dependant on candiate
Posted: 15 May 2013
City, London
Support is also provided to Workstream leads within the programmes to ensure planning, resourcing, issue/risk management and project documentation is all completed to appropriate standards. The successful...
McGregor Boyall
Rate: £300 - £350 per day
Posted: 22 May 2013
City of London
Contract Java Developer x 2 - London - derivatives, VaR, IRD Swaps - Central London - c. 700p/d 12 mthsKey skills: Java development, derivatives, Swaps, Interest Rate Derivatives, trade level NVP,...
Deerfoot IT Resources Ltd
Rate: £600 - £700 per day
Posted: 26 April 2013
London
InterQuest Financial Markets Key client, a leading investment bank, seeks a Business Objects Developer/ Consultant for a platform migration project.*Experience of Universe design and creation (including context...
Rate: £400 - £500 per day
Posted: 9 May 2013
City of London
Quantitative Risk Analyst, Front Office/Risk Banking,London, £500-680 per day My client, a leading bank, is currently looking for a Quantitative Risk Analyst with strong market...
Orgtel
Rate: £500 - £680 per day
Posted: 21 May 2013
City, London
BI developer, developer, user interface, UI, performance point, SSRS, ASP.NET, MS BI Toolset, SQL Server, SSAS, T-SQL, MDX, OO, agile, risk, sharepoint... Preferred skills to include...
JM
Posted: 20 May 2013
London
Successful candidate will in force and focus on key business/data analysis, data extraction and Manipulation processes, coupled with strong examples testing of each new components whilst working...
Rate: £500 - £550 per day
Posted: 14 May 2013
London
A global Top Tier Bank is looking for a Market Risk/Economic Risk Project Manager to support and oversee the management team in their Global Risk & Analytics projects...
Hydrogen Group
Rate: £450.00 - £550.00 per day
Posted: 21 May 2013
City of London
Experience of interest rate derivatives / swaps... Our client's IT systems help support the trading of items such as derivatives swaps and fixed income products... ISO9001:2008 certified. *...
Deerfoot IT Resources Ltd
Rate: £450 - £500 per day
Posted: 2 May 2013