The following table provides summary statistics for contract job vacancies advertised in Canary Wharf with a requirement for FATCA skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited FATCA over the 3 months to 30 March 2017 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Foreign Account Tax Compliance Act (FATCA)
London / Canary Wharf
3 months to
30 Mar 2017
Same period 2016 Same period 2015
Rank 24 23 -
Rank change year-on-year -1 -  
Contract jobs citing FATCA 2 2 0
As % of all contract IT jobs advertised in Canary Wharf 1.53% 1.57% -
As % of the Quality Assurance & Compliance category 11.76% 13.33% -
Number of daily rates quoted 2 2 0
Median daily rate £450 £594 -
Median daily rate % change year-on-year -24.21% -  
UK excluding London median daily rate £450 £338 £438
% change year-on-year +33.33% -22.85%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

FATCA is in the quality assurance and compliance skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in Canary Wharf with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
Canary Wharf
Contract job vacancies with a requirement for quality assurance and compliance skills 17 15 17
As % of all contract IT job vacancies advertised in Canary Wharf 12.98% 11.81% 14.17%
Number of daily rates quoted 11 9 13
Median daily rate £525 £575 £523
Median daily rate % change year-on-year -8.69% +10.04%  
90% offered a daily rate of more than £445 £500 £405
10% offered a daily rate of more than £650 £675 £675
UK excluding London median daily rate £400 £400 £380
% change year-on-year - +5.26%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate £20.00 £40.00 £29.00
% change year-on-year -50.00% +37.93%  

FATCA
Job Vacancy Trend in Canary Wharf

The job posting trend of jobs advertised in Canary Wharf citing FATCA as a proportion of all contract or permanent IT jobs with a match in the Quality Assurance & Compliance category.

Job vacancy trend for FATCA in Canary Wharf

FATCA
Contractor Daily Rate Trend in Canary Wharf

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing FATCA in Canary Wharf.

Contractor daily rate trend for FATCA in Canary Wharf

For the 6 months to 30 March 2017, IT contractor jobs citing FATCA also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the Canary Wharf region with a requirement for FATCA.

1 3 (100.00%) Banking
1 3 (100.00%) Finance
2 2 (66.67%) GAP Analysis
2 2 (66.67%) Investment Banking
2 2 (66.67%) Degree
2 2 (66.67%) MiFID
2 2 (66.67%) Use Case
2 2 (66.67%) Change Control
2 2 (66.67%) EMIR
2 2 (66.67%) KYC
2 2 (66.67%) Regulatory Compliance
3 1 (33.33%) Stakeholder Management
3 1 (33.33%) Programme Management

FATCA
Co-occurring IT Skills in Canary Wharf 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:

General
1 3 (100.00%) Banking
1 3 (100.00%) Finance
2 2 (66.67%) Investment Banking
Job Titles
1 2 (66.67%) Analyst
1 2 (66.67%) Business Analyst
1 2 (66.67%) Finance Business Analyst
1 2 (66.67%) Financial Analyst
1 2 (66.67%) Financial Business Analyst
1 2 (66.67%) Financial Services Business Analyst
1 2 (66.67%) MiFID Business Analyst
1 2 (66.67%) Service Analyst
Processes & Methodologies
1 2 (66.67%) Change Control
1 2 (66.67%) GAP Analysis
1 2 (66.67%) KYC
1 2 (66.67%) Regulatory Compliance
1 2 (66.67%) Use Case
2 1 (33.33%) Programme Management
2 1 (33.33%) Stakeholder Management
Qualifications
1 2 (66.67%) Degree
Quality Assurance & Compliance
1 2 (66.67%) EMIR
1 2 (66.67%) MiFID