The table below looks at the prevalence of the term Credit Derivative in contract job vacancies advertised in the City of London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Credit Derivative over the 3 months to 29 March 2017 with a comparison to the same period over 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.

Credit Derivatives
London / City of London
3 months to
29 Mar 2017
Same period 2016 Same period 2015
Rank 157 149 184
Rank change year-on-year -8 +35  
Contract jobs citing Credit Derivative 5 10 7
As % of all contract IT jobs advertised in the City of London 0.16% 0.30% 0.14%
As % of the Miscellaneous category 0.44% 0.82% 0.38%
Number of daily rates quoted 5 9 4
Median daily rate £613 £600 £638
Median daily rate % change year-on-year +2.08% -5.88%  
UK excluding London median daily rate - - £505
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Credit Derivative is in the generic IT skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the City of London with a requirement for generic IT skills.

Generic IT Skills
City of London
Contract job vacancies with a requirement for generic IT skills 1128 1217 1865
As % of all contract IT job vacancies advertised in the City of London 36.72% 35.95% 36.47%
Number of daily rates quoted 863 970 1423
Median daily rate £525 £500 £464
Median daily rate % change year-on-year +5.00% +7.81%  
90% offered a daily rate of more than £308 £325 £290
10% offered a daily rate of more than £650 £675 £625
UK excluding London median daily rate £395 £375 £375
% change year-on-year +5.33% -  
Number of hourly rates quoted 8 27 35
Median hourly rate £19.00 £19.00 £17.87
Median hourly rate % change year-on-year - +6.35%  
90% offered a hourly rate of more than £13.79 £12.00 £12.65
10% offered a hourly rate of more than £28.35 £35.60 £27.37
UK excluding London median hourly rate £19.50 £26.50 £18.50
% change year-on-year -26.41% +43.24%  

Credit Derivative
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London citing Credit Derivative as a proportion of all contract or permanent IT jobs with a match in the Miscellaneous category.

Job vacancy trend for Credit Derivative in the City of London

Credit Derivative
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Credit Derivative in the City of London.

Contractor daily rate trend for Credit Derivative in the City of London

Credit Derivative
Contractor Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Credit Derivative in the City of London.

Contractor hourly rate trend for Credit Derivative in the City of London

For the 6 months to 29 March 2017, IT contractor jobs citing Credit Derivative 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 City of London region with a requirement for Credit Derivative.

1 17 (100.00%) Derivative
2 12 (70.59%) Fixed Income
3 11 (64.71%) Foreign Exchange (FX)
4 10 (58.82%) Front Office
5 8 (47.06%) Java
6 7 (41.18%) Finance
7 6 (35.29%) Agile Software Development
7 6 (35.29%) Degree
7 6 (35.29%) SQL
7 6 (35.29%) Oracle
8 5 (29.41%) Migration
8 5 (29.41%) Analytics
9 4 (23.53%) Data Analytics
9 4 (23.53%) AngularJS
9 4 (23.53%) BDD
9 4 (23.53%) Microservices
9 4 (23.53%) Elasticsearch
9 4 (23.53%) Mainframe
9 4 (23.53%) Murex
9 4 (23.53%) Mathematics
9 4 (23.53%) Computer Science
9 4 (23.53%) Credit Risk
9 4 (23.53%) Data Management
9 4 (23.53%) Equities
10 3 (17.65%) FIX Protocol
11 2 (11.76%) Multithreading
11 2 (11.76%) Electronic Trading
11 2 (11.76%) OTC Derivatives
11 2 (11.76%) Collateral Management
11 2 (11.76%) Global One

Credit Derivative
Co-occurring IT Skills in the City of London 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:

Application Platforms
1 4 (23.53%) Elasticsearch
2 1 (5.88%) Confluence
Business Applications
1 2 (11.76%) Global One
1 2 (11.76%) Minerva
1 2 (11.76%) RMDS
1 2 (11.76%) Sentinel
1 2 (11.76%) Tesseract
Database & Business Intelligence
1 1 (5.88%) SQL Server
Development Applications
1 2 (11.76%) JUnit
2 1 (5.88%) JIRA
General
1 10 (58.82%) Front Office
2 7 (41.18%) Finance
3 2 (11.76%) Banking
4 1 (5.88%) Back Office
Job Titles
1 8 (47.06%) Analyst
2 7 (41.18%) Developer
2 7 (41.18%) Java Developer
3 6 (35.29%) Business Analyst
4 4 (23.53%) Murex Analyst
4 4 (23.53%) Murex Business Analyst
4 4 (23.53%) Oracle Developer
5 2 (11.76%) Electronic Trading Developer
5 2 (11.76%) Electronic Trading Java Developer
5 2 (11.76%) Market Analyst
5 2 (11.76%) Market Risk Analyst
5 2 (11.76%) Market Risk Business Analyst
5 2 (11.76%) Risk Analyst
5 2 (11.76%) Risk Business Analyst
5 2 (11.76%) Senior Developer
5 2 (11.76%) Senior Java Developer
6 1 (5.88%) Credit Analyst
6 1 (5.88%) QA Engineer
6 1 (5.88%) Quality Engineer
6 1 (5.88%) Support Analyst
Libraries, Frameworks & Software Standards
1 4 (23.53%) AngularJS
2 3 (17.65%) FIX Protocol
3 2 (11.76%) Rendezvous
3 2 (11.76%) XML
4 1 (5.88%) .NET
4 1 (5.88%) HTML
4 1 (5.88%) HTML5
Miscellaneous
1 17 (100.00%) Derivative
2 12 (70.59%) Fixed Income
3 11 (64.71%) Foreign Exchange (FX)
4 4 (23.53%) Computer Science
4 4 (23.53%) Credit Risk
4 4 (23.53%) Equities
4 4 (23.53%) Mainframe
5 2 (11.76%) Management Information System
5 2 (11.76%) Market Risk
5 2 (11.76%) OTC Derivatives
6 1 (5.88%) Analytical Skills
6 1 (5.88%) Interest Rate Derivative
Operating Systems
1 2 (11.76%) Linux
1 2 (11.76%) Unix
Processes & Methodologies
1 6 (35.29%) Agile Software Development
2 5 (29.41%) Analytics
2 5 (29.41%) Migration
3 4 (23.53%) BDD
3 4 (23.53%) Data Analytics
3 4 (23.53%) Data Management
3 4 (23.53%) Mathematics
3 4 (23.53%) Microservices
4 2 (11.76%) Asset Management
4 2 (11.76%) Collateral Management
4 2 (11.76%) Electronic Trading
4 2 (11.76%) Fund Management
4 2 (11.76%) Multithreading
4 2 (11.76%) OO
4 2 (11.76%) Risk Management
5 1 (5.88%) BPMN
5 1 (5.88%) Internal Audit
5 1 (5.88%) Manual Testing
5 1 (5.88%) Test Automation
5 1 (5.88%) User Stories
Programming Languages
1 8 (47.06%) Java
2 6 (35.29%) SQL
3 2 (11.76%) Python
4 1 (5.88%) C++
4 1 (5.88%) JavaScript
4 1 (5.88%) Scala
4 1 (5.88%) VBScript
Qualifications
1 6 (35.29%) Degree
Quality Assurance & Compliance
1 2 (11.76%) QA
Systems Management
1 1 (5.88%) HP Quality Center
Vendors
1 6 (35.29%) Oracle
2 4 (23.53%) Murex
3 2 (11.76%) Fidessa
3 2 (11.76%) Reuters
3 2 (11.76%) TIBCO
4 1 (5.88%) HP
4 1 (5.88%) Microsoft