Credit Risk Modelling
UK

The following table provides summary statistics for permanent job vacancies with a requirement for Credit Risk Modelling skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Credit Risk Modelling over the 6 months to 8 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
8 May 2024
Same period 2023 Same period 2022
Rank 867 941 1174
Rank change year-on-year +74 +233 -267
Permanent jobs citing Credit Risk Modelling 21 54 61
As % of all permanent jobs advertised in the UK 0.021% 0.053% 0.039%
As % of the Processes & Methodologies category 0.025% 0.056% 0.041%
Number of salaries quoted 20 21 17
10th Percentile - - £40,000
25th Percentile £40,800 £37,879 £64,219
Median annual salary (50th Percentile) £57,500 £38,903 £80,000
Median % change year-on-year +47.81% -51.37% +14.29%
75th Percentile £109,436 £42,342 £140,000
90th Percentile £130,500 £71,250 -
UK excluding London median annual salary £43,200 £38,903 -
% change year-on-year +11.05% - -

All Process and Methodology Skills
UK

Credit Risk Modelling is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for process or methodology skills.

Permanent vacancies with a requirement for process or methodology skills 84,937 97,101 150,579
As % of all permanent jobs advertised in the UK 85.64% 95.61% 95.65%
Number of salaries quoted 59,853 57,006 82,680
10th Percentile £29,000 £34,000 £33,515
25th Percentile £40,000 £45,000 £43,750
Median annual salary (50th Percentile) £55,000 £61,180 £60,000
Median % change year-on-year -10.10% +1.97% +9.09%
75th Percentile £72,500 £81,250 £80,000
90th Percentile £92,500 £100,000 £96,750
UK excluding London median annual salary £50,000 £55,000 £52,500
% change year-on-year -9.09% +4.76% +9.38%

Credit Risk Modelling
Job Vacancy Trend

Job postings citing Credit Risk Modelling as a proportion of all IT jobs advertised.

Job vacancy trend for Credit Risk Modelling in the UK

Credit Risk Modelling
Salary Trend

3-month moving average salary quoted in jobs citing Credit Risk Modelling.

Salary trend for Credit Risk Modelling in the UK

Credit Risk Modelling
Salary Histogram

Salary distribution for jobs citing Credit Risk Modelling over the 6 months to 8 May 2024.

Salary histogram for Credit Risk Modelling in the UK

Credit Risk Modelling
Top 8 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Credit Risk Modelling within the UK over the 6 months to 8 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England +55 17 £60,000 +54.23% 11
London +119 14 £60,000 +49.58% 6
Work from Home +67 13 £47,364 +21.75% 4
UK excluding London -36 7 £43,200 +11.05% 5
Scotland -60 4 £47,364 +18.08%
North of England +30 3 £43,200 +11.05% 1
North East -2 2 £43,200 -49.18%
Yorkshire +71 1 £51,528 +32.45% 1

Credit Risk Modelling
Co-occurring Skills and Capabilities by Category

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

Application Platforms
1 10 (47.62%) SAS
Cloud Services
1 5 (23.81%) GCP
2 4 (19.05%) Vertex AI
3 1 (4.76%) AWS
3 1 (4.76%) Azure
3 1 (4.76%) Power Platform
Database & Business Intelligence
1 1 (4.76%) Power BI
General
1 14 (66.67%) Finance
2 11 (52.38%) Social Skills
3 10 (47.62%) Retail
4 4 (19.05%) Analytical Skills
4 4 (19.05%) Banking
5 1 (4.76%) Financial Institution
5 1 (4.76%) Influencing Skills
5 1 (4.76%) Law
5 1 (4.76%) Presentation Skills
Job Titles
1 10 (47.62%) Data Scientist
2 5 (23.81%) Head of Data Science
3 4 (19.05%) Senior
4 3 (14.29%) Analyst
4 3 (14.29%) Senior Analyst
5 1 (4.76%) Auditor
5 1 (4.76%) Developer
5 1 (4.76%) Junior
5 1 (4.76%) Junior Developer
5 1 (4.76%) Junior Python Developer
5 1 (4.76%) Python Developer
5 1 (4.76%) Senior Manager
Libraries, Frameworks & Software Standards
1 1 (4.76%) NumPy
1 1 (4.76%) Pandas
1 1 (4.76%) PyTorch
1 1 (4.76%) RESTful
1 1 (4.76%) scikit-learn
1 1 (4.76%) SQLAlchemy
1 1 (4.76%) TensorFlow
1 1 (4.76%) Web Services
Miscellaneous
1 21 (100.00%) Credit Risk
2 1 (4.76%) Algorithms
2 1 (4.76%) Blockchain
2 1 (4.76%) Client/Server
Processes & Methodologies
1 17 (80.95%) Data Science
2 10 (47.62%) Validation
3 8 (38.10%) Analytics
4 7 (33.33%) Artificial Intelligence
4 7 (33.33%) Continuous Improvement
4 7 (33.33%) Machine Learning
5 6 (28.57%) Performance Monitoring
5 6 (28.57%) Regulatory Compliance
5 6 (28.57%) Scorecard
5 6 (28.57%) Statistical Modelling
5 6 (28.57%) Stress Testing
5 6 (28.57%) Time Series Analysis
6 5 (23.81%) Agile
6 5 (23.81%) Mentoring
7 4 (19.05%) Capital Modelling
7 4 (19.05%) Decision-Making
7 4 (19.05%) Fintech
8 3 (14.29%) Coaching
8 3 (14.29%) Decision Tree
8 3 (14.29%) Predictive Analytics
Programming Languages
1 14 (66.67%) Python
2 10 (47.62%) SQL
3 6 (28.57%) R
4 1 (4.76%) C++
Qualifications
1 7 (33.33%) Degree
2 2 (9.52%) Numerate Degree
3 1 (4.76%) Computer Science Degree
3 1 (4.76%) Master's Degree
3 1 (4.76%) PhD
Quality Assurance & Compliance
1 7 (33.33%) IFRS
2 6 (28.57%) IFRS 9
3 3 (14.29%) CRD IV
4 1 (4.76%) Basel III
Vendors
1 4 (19.05%) Google
2 1 (4.76%) Alteryx