Period
to 18 November 2017

The following table provides summary statistics for contract job vacancies advertised in Canary Wharf with a requirement for MiFID skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited MiFID over the 6 months to 18 November 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.

Markets in Financial Instruments Directive (MiFID)
Tower Hamlets > Canary Wharf
6 months to
18 Nov 2017
Same period 2016 Same period 2015
Rank 38 29 -
Rank change year-on-year -9 - -
Contract jobs citing MiFID 7 10 0
As % of all contract IT jobs advertised in Canary Wharf 2.56% 3.16% -
As % of the Quality Assurance & Compliance category 18.92% 22.73% -
Number of daily rates quoted 4 4 0
Canary Wharf median daily rate £463 £538 -
Median daily rate % change year-on-year -13.95% - -
Tower Hamlets median daily rate £475 £538 -
% change year-on-year -11.63% - -
Number of hourly rates quoted 0 0 0
Canary Wharf median hourly rate - - -
Tower Hamlets median hourly rate - - -

MiFID is in the Quality Assurance and Compliance category. The following 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 or compliance skills.

All Quality Assurance and Compliance Skills
Canary Wharf
Contract vacancies with a requirement for quality assurance or compliance skills 37 44 62
As % of all contract IT jobs advertised in Canary Wharf 13.55% 13.92% 15.94%
Number of daily rates quoted 20 32 44
Canary Wharf median daily rate £450 £363 £475
Median daily rate % change year-on-year +24.14% -23.68% -
10th Percentile £373 £273 £228
90th Percentile £637 £575 £614
Tower Hamlets median daily rate £450 £369 £475
% change year-on-year +22.03% -22.37% -2.56%
Number of hourly rates quoted 2 0 0
Canary Wharf median hourly rate £15.00 - -
Tower Hamlets median hourly rate £15.00 - -

MiFID
Job Vacancy Trend in Canary Wharf

Job postings citing MiFID as a percentage of all IT jobs advertised in Canary Wharf.

Job vacancy trend for MiFID in Canary Wharf

MiFID
Contractor Daily Rate Trend in Canary Wharf

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

Contractor daily rate trend for MiFID in Canary Wharf

MiFID
Contractor Daily Rate Histogram in Canary Wharf

The daily rate distribution of IT jobs citing MiFID in Canary Wharf over the 6 months to 18 November 2017.

Contractor daily rate histogram for MiFID in Canary Wharf

For the 6 months to 18 November 2017, IT contractor jobs citing MiFID 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 MiFID.

1 6 (85.71%) Banking
2 5 (71.43%) EMIR
3 4 (57.14%) Investment Banking
3 4 (57.14%) Finance
4 3 (42.86%) KYC
4 3 (42.86%) FATCA
4 3 (42.86%) Regulatory Compliance
4 3 (42.86%) Use Case
4 3 (42.86%) GAP Analysis
4 3 (42.86%) Degree
4 3 (42.86%) Change Control
5 2 (28.57%) Agile Software Development
5 2 (28.57%) XML
6 1 (14.29%) ISEB
6 1 (14.29%) PMI
6 1 (14.29%) PMI Certification
6 1 (14.29%) Foreign Exchange (FX)
6 1 (14.29%) Middleware
6 1 (14.29%) ASIC
6 1 (14.29%) DSL
6 1 (14.29%) FpML
6 1 (14.29%) Project Management
6 1 (14.29%) Sarbanes-Oxley
6 1 (14.29%) Java
6 1 (14.29%) SQL
6 1 (14.29%) VBA
6 1 (14.29%) Legal
6 1 (14.29%) XML Messaging
6 1 (14.29%) Scrum
6 1 (14.29%) Equities

MiFID
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:

Communications & Networking
1 1 (14.29%) DSL
General
1 6 (85.71%) Banking
2 4 (57.14%) Finance
2 4 (57.14%) Investment Banking
3 1 (14.29%) Legal
Job Titles
1 5 (71.43%) Analyst
1 5 (71.43%) Business Analyst
2 2 (28.57%) Finance Business Analyst
2 2 (28.57%) Financial Analyst
2 2 (28.57%) Financial Business Analyst
2 2 (28.57%) Financial Services Business Analyst
2 2 (28.57%) MiFID Business Analyst
2 2 (28.57%) Service Analyst
2 2 (28.57%) Test Manager
3 1 (14.29%) Business Manager
3 1 (14.29%) Business Project Manager
3 1 (14.29%) Programme Manager
3 1 (14.29%) Programme Test Manager
3 1 (14.29%) Project Analyst
3 1 (14.29%) Project Manager
3 1 (14.29%) Report Analyst
3 1 (14.29%) Senior Analyst
3 1 (14.29%) Senior Business Analyst
3 1 (14.29%) Test Programme Manager
Libraries, Frameworks & Software Standards
1 2 (28.57%) XML
2 1 (14.29%) FpML
2 1 (14.29%) Middleware
2 1 (14.29%) XML Messaging
Miscellaneous
1 1 (14.29%) ASIC
1 1 (14.29%) Data Structures
1 1 (14.29%) Derivative
1 1 (14.29%) Equities
1 1 (14.29%) Foreign Exchange (FX)
1 1 (14.29%) OTC Derivatives
1 1 (14.29%) PMI
1 1 (14.29%) Reference Data
Processes & Methodologies
1 3 (42.86%) Change Control
1 3 (42.86%) GAP Analysis
1 3 (42.86%) KYC
1 3 (42.86%) Regulatory Compliance
1 3 (42.86%) Use Case
2 2 (28.57%) Agile Software Development
3 1 (14.29%) Agile Testing
3 1 (14.29%) Anti-Money Laundering
3 1 (14.29%) Business Analysis
3 1 (14.29%) Data Analysis
3 1 (14.29%) Non-Functional Testing
3 1 (14.29%) Project Management
3 1 (14.29%) Scrum
3 1 (14.29%) Software Testing
3 1 (14.29%) Test Management
3 1 (14.29%) Test Strategy
3 1 (14.29%) Trade Surveillance
3 1 (14.29%) User Acceptance Testing
3 1 (14.29%) User Stories
Programming Languages
1 1 (14.29%) Java
1 1 (14.29%) SQL
1 1 (14.29%) VBA
Qualifications
1 3 (42.86%) Degree
2 1 (14.29%) IIBA
2 1 (14.29%) ISEB
2 1 (14.29%) ISEB Practitioner
2 1 (14.29%) PMI Certification
Quality Assurance & Compliance
1 5 (71.43%) EMIR
2 3 (42.86%) FATCA
3 1 (14.29%) Dodd-Frank
3 1 (14.29%) Sarbanes-Oxley
Systems Management
1 1 (14.29%) HP Quality Center