Period
to 28 January 2022

The table below looks at the prevalence of the term Credit Risk 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 Risk over the 6 months to 28 January 2022 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 Risk
Central London > City of London
6 months to
28 Jan 2022
Same period 2021 Same period 2020
Rank 168 113 190
Rank change year-on-year -55 +77 +43
Contract jobs citing Credit Risk 20 20 16
As % of all contract jobs advertised in the City of London 0.50% 0.95% 0.33%
As % of the Miscellaneous category 1.40% 2.66% 1.07%
Number of daily rates quoted 12 18 13
10th Percentile £521 £446 £413
25th Percentile £609 £516 £505
Median daily rate (50th Percentile) £730 £569 £700
Median % change year-on-year +28.35% -18.75% +14.29%
75th Percentile £771 £675 £738
90th Percentile £835 £688 £760
Central London median daily rate £725 £569 £575
% change year-on-year +27.47% -1.09% -5.15%

Credit Risk is in the Generic IT Skills category. The following 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.

All Generic IT Skills
City of London
Contract vacancies with a requirement for generic IT skills 1,424 751 1,494
As % of all contract IT jobs advertised in the City of London 35.48% 35.53% 30.49%
Number of daily rates quoted 1,080 532 1,155
10th Percentile £405 £313 £292
25th Percentile £495 £413 £413
Median daily rate (50th Percentile) £575 £525 £525
Median % change year-on-year +9.52% - -
75th Percentile £688 £638 £625
90th Percentile £800 £725 £700
Central London median daily rate £575 £525 £515
% change year-on-year +9.52% +1.94% -1.90%
Number of hourly rates quoted 24 16 29
10th Percentile £36.55 £13.14 £11.80
25th Percentile £41.75 £21.50 £15.00
Median hourly rate £50.50 £29.25 £20.50
Median % change year-on-year +72.65% +42.68% +9.63%
75th Percentile £61.94 £39.44 £33.38
90th Percentile £64.85 £46.88 £52.25
Central London median hourly rate £50.50 £29.89 £21.00
% change year-on-year +68.95% +42.33% +9.09%

Credit Risk
Job Vacancy Trend in the City of London

Job postings citing Credit Risk as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Credit Risk in the City of London

Credit Risk
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Credit Risk in the City of London.

Daily rate trend for Credit Risk in the City of London

Credit Risk
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Credit Risk in the City of London over the 6 months to 28 January 2022.

Daily rate histogram for Credit Risk in the City of London

Credit Risk
Contractor Hourly Rate Trend in the City of London

3-month moving average hourly rates quoted in jobs citing Credit Risk in the City of London.

Hourly rate trend for Credit Risk in the City of London

For the 6 months to 28 January 2022, IT contractor jobs citing Credit Risk also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the City of London region with a requirement for Credit Risk.

1 12 (60.00%) Finance
1 12 (60.00%) Market Risk
2 10 (50.00%) Banking
3 9 (45.00%) Front Office
4 7 (35.00%) Validation
5 6 (30.00%) Investment Banking
5 6 (30.00%) Statistical Analysis
5 6 (30.00%) C++
5 6 (30.00%) SQL
5 6 (30.00%) VBA
5 6 (30.00%) R
5 6 (30.00%) Swaptions
5 6 (30.00%) Model Validation
5 6 (30.00%) Documentation Skills
6 4 (20.00%) Derivative
6 4 (20.00%) Agile Software Development
6 4 (20.00%) Fixed Income
7 3 (15.00%) Risk Management
7 3 (15.00%) JIRA
7 3 (15.00%) QA
7 3 (15.00%) Python
7 3 (15.00%) SDLC
7 3 (15.00%) User Acceptance Testing
8 2 (10.00%) Git (software)
8 2 (10.00%) Performance Tuning
8 2 (10.00%) Apache Spark
8 2 (10.00%) Serverless
8 2 (10.00%) .NET
8 2 (10.00%) C#
8 2 (10.00%) Java

Credit Risk
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 2 (10.00%) Apache Spark
1 2 (10.00%) IBM HTTP Server
2 1 (5.00%) Apache Airflow
2 1 (5.00%) Elasticsearch
Cloud Services
1 2 (10.00%) Serverless
2 1 (5.00%) Amazon EC2
2 1 (5.00%) Amazon EMR
2 1 (5.00%) Amazon S3
2 1 (5.00%) AWS
2 1 (5.00%) AWS Lambda
2 1 (5.00%) Azure
2 1 (5.00%) Azure Functions
2 1 (5.00%) GCP
Communications & Networking
1 1 (5.00%) LAN
1 1 (5.00%) Multicast
1 1 (5.00%) WAN
Database & Business Intelligence
1 1 (5.00%) Amazon Athena
1 1 (5.00%) Amazon RDS
1 1 (5.00%) Apache Hive
1 1 (5.00%) Big Data
1 1 (5.00%) BigQuery
1 1 (5.00%) Data Lake
1 1 (5.00%) Data Warehouse
1 1 (5.00%) Dremio
1 1 (5.00%) Hadoop
1 1 (5.00%) NoSQL
1 1 (5.00%) SQL Server
Development Applications
1 3 (15.00%) JIRA
2 2 (10.00%) Git (software)
3 1 (5.00%) git-flow
3 1 (5.00%) Jenkins
3 1 (5.00%) Subversion
General
1 12 (60.00%) Finance
2 10 (50.00%) Banking
3 9 (45.00%) Front Office
4 6 (30.00%) Documentation Skills
4 6 (30.00%) Investment Banking
5 1 (5.00%) Back Office
5 1 (5.00%) Financial Institution
5 1 (5.00%) International Banking
5 1 (5.00%) Legal
5 1 (5.00%) Organisational Skills
5 1 (5.00%) Social Skills
Job Titles
1 11 (55.00%) Analyst
2 9 (45.00%) Risk Analyst
3 6 (30.00%) Market Analyst
3 6 (30.00%) Market Risk Analyst
3 6 (30.00%) Qualitative Analyst
3 6 (30.00%) Quantitative Analyst
3 6 (30.00%) Quantitative Risk Analyst
4 5 (25.00%) Developer
5 2 (10.00%) Banking Analyst
5 2 (10.00%) Business Analyst
5 2 (10.00%) C# Developer
5 2 (10.00%) Senior Analyst
6 1 (5.00%) .NET Developer
6 1 (5.00%) Credit Analyst
6 1 (5.00%) Credit Risk Analyst
6 1 (5.00%) Credit Risk Business Analyst
6 1 (5.00%) Programme Manager
6 1 (5.00%) Python Developer
6 1 (5.00%) Senior Risk Analyst
6 1 (5.00%) SQL Developer
Libraries, Frameworks & Software Standards
1 2 (10.00%) .NET
2 1 (5.00%) AngularJS
2 1 (5.00%) CSS
2 1 (5.00%) CSS3
2 1 (5.00%) Elastic Stack
2 1 (5.00%) HTML
2 1 (5.00%) HTML5
2 1 (5.00%) PySpark
2 1 (5.00%) WCF
2 1 (5.00%) XSLT
Miscellaneous
1 12 (60.00%) Market Risk
2 6 (30.00%) Swaptions
3 4 (20.00%) Derivative
3 4 (20.00%) Fixed Income
4 2 (10.00%) Equities
4 2 (10.00%) Foreign Exchange (FX)
5 1 (5.00%) Grid Computing
Operating Systems
1 1 (5.00%) Linux
1 1 (5.00%) Windows
Processes & Methodologies
1 7 (35.00%) Validation
2 6 (30.00%) Model Validation
2 6 (30.00%) Statistical Analysis
3 4 (20.00%) Agile Software Development
4 3 (15.00%) Risk Management
4 3 (15.00%) SDLC
4 3 (15.00%) User Acceptance Testing
5 2 (10.00%) Performance Tuning
6 1 (5.00%) Analytics
6 1 (5.00%) Continuous Integration
6 1 (5.00%) Credit Risk Management
6 1 (5.00%) DevOps
6 1 (5.00%) Electronic Trading
6 1 (5.00%) Financial Modelling
6 1 (5.00%) Greeks
6 1 (5.00%) Machine Learning
6 1 (5.00%) Risk Analysis
6 1 (5.00%) System Integration Testing
6 1 (5.00%) Unit Testing
6 1 (5.00%) Use Case
Programming Languages
1 6 (30.00%) C++
1 6 (30.00%) R
1 6 (30.00%) SQL
1 6 (30.00%) VBA
2 3 (15.00%) Python
3 2 (10.00%) C#
3 2 (10.00%) Java
4 1 (5.00%) PL/SQL
4 1 (5.00%) TypeScript
Qualifications
1 1 (5.00%) CFA
Quality Assurance & Compliance
1 3 (15.00%) QA
2 1 (5.00%) IFRS
2 1 (5.00%) IFRS 9
2 1 (5.00%) PMO
System Software
1 1 (5.00%) Docker
1 1 (5.00%) Platform Symphony
Systems Management
1 2 (10.00%) Control-M
2 1 (5.00%) Ansible
2 1 (5.00%) Kibana
2 1 (5.00%) Kubernetes
2 1 (5.00%) Terraform
Vendors
1 1 (5.00%) Informatica
1 1 (5.00%) Microsoft
1 1 (5.00%) Murex
1 1 (5.00%) Oracle