Period
to 16 April 2021

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 16 April 2021 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
16 Apr 2021
Same period 2020 Same period 2019
Rank 107 150 238
Rank change year-on-year +43 +88 -48
Contract jobs citing Credit Risk 35 21 16
As % of all contract jobs advertised in the City of London 1.43% 0.52% 0.24%
As % of the Miscellaneous category 3.67% 1.52% 0.64%
Number of daily rates quoted 26 15 15
10th Percentile £325 £393 £440
25th Percentile £503 £409 £516
Median daily rate (50th Percentile) £619 £525 £670
Median % change year-on-year +17.86% -21.64% +9.39%
75th Percentile £688 £625 £695
90th Percentile £697 £725 £725
Central London median daily rate £619 £525 £641
% change year-on-year +17.86% -18.13% +6.88%

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 953 1,380 2,519
As % of all contract IT jobs advertised in the City of London 38.80% 34.45% 37.12%
Number of daily rates quoted 666 1,015 1,867
10th Percentile £356 £283 £313
25th Percentile £431 £413 £425
Median daily rate (50th Percentile) £550 £525 £525
Median % change year-on-year +4.76% - -
75th Percentile £649 £625 £625
90th Percentile £725 £694 £688
Central London median daily rate £550 £510 £525
% change year-on-year +7.84% -2.86% -
Number of hourly rates quoted 10 41 43
10th Percentile £12.29 £12.42 £12.76
25th Percentile £14.40 £14.38 £16.43
Median hourly rate £20.49 £25.00 £19.25
Median % change year-on-year -18.05% +29.87% -10.47%
75th Percentile £25.25 £39.25 £33.25
90th Percentile £40.83 £52.25 £37.50
Central London median hourly rate £20.00 £25.72 £20.25
% change year-on-year -22.24% +27.01% -5.81%

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 16 April 2021.

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 16 April 2021, 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 26 (74.29%) Finance
2 18 (51.43%) Banking
2 18 (51.43%) Market Risk
3 16 (45.71%) Risk Management
4 15 (42.86%) Front Office
5 12 (34.29%) Java
6 11 (31.43%) Investment Banking
6 11 (31.43%) Docker
6 11 (31.43%) Kubernetes
7 10 (28.57%) Spring Boot
7 10 (28.57%) Data Analysis
7 10 (28.57%) Spring
8 9 (25.71%) Maven
8 9 (25.71%) Grid Computing
8 9 (25.71%) Unix
8 9 (25.71%) Linux
8 9 (25.71%) Low Latency
8 9 (25.71%) TDD
8 9 (25.71%) Visualisation
9 7 (20.00%) Agile Software Development
10 6 (17.14%) Validation
10 6 (17.14%) Python
10 6 (17.14%) VBA
11 5 (14.29%) SQL
11 5 (14.29%) C++
11 5 (14.29%) Financial Institution
11 5 (14.29%) R
11 5 (14.29%) Statistical Analysis
11 5 (14.29%) Swaptions
11 5 (14.29%) SDLC

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 1 (2.86%) Camunda
1 1 (2.86%) Cloud Foundry
Cloud Services
1 1 (2.86%) AWS
1 1 (2.86%) OpenShift
1 1 (2.86%) SaaS
Database & Business Intelligence
1 2 (5.71%) Data Warehouse
1 2 (5.71%) Microsoft Analysis Services
1 2 (5.71%) SQL Server
1 2 (5.71%) SQL Server Analysis Services
1 2 (5.71%) SQL Server Integration Services
1 2 (5.71%) SQL Server Reporting Services
2 1 (2.86%) Big Data
2 1 (2.86%) MS Access
2 1 (2.86%) OLTP
2 1 (2.86%) Oracle Database
2 1 (2.86%) Oracle Database 11g
2 1 (2.86%) Oracle Database 12c
Development Applications
1 9 (25.71%) Maven
2 1 (2.86%) Git (software)
2 1 (2.86%) JIRA
General
1 26 (74.29%) Finance
2 18 (51.43%) Banking
3 15 (42.86%) Front Office
4 11 (31.43%) Investment Banking
5 5 (14.29%) Financial Institution
Job Titles
1 15 (42.86%) Developer
2 12 (34.29%) Analyst
2 12 (34.29%) Java Developer
3 10 (28.57%) Risk Analyst
4 9 (25.71%) Senior Developer
4 9 (25.71%) Senior Java Developer
5 4 (11.43%) Business Analyst
5 4 (11.43%) Credit Analyst
5 4 (11.43%) Credit Risk Analyst
5 4 (11.43%) Qualitative Analyst
5 4 (11.43%) Quantitative Analyst
5 4 (11.43%) Quantitative Risk Analyst
6 3 (8.57%) IT Business Analyst
7 2 (5.71%) Banking Project Manager
7 2 (5.71%) C# Developer
7 2 (5.71%) IT Analyst
7 2 (5.71%) IT Project Manager
7 2 (5.71%) Market Analyst
7 2 (5.71%) Risk Business Analyst
7 2 (5.71%) Senior IT Manager
Libraries, Frameworks & Software Standards
1 10 (28.57%) Spring
1 10 (28.57%) Spring Boot
2 2 (5.71%) Entity Framework
3 1 (2.86%) .NET
3 1 (2.86%) .NET Framework
3 1 (2.86%) Flash
Miscellaneous
1 18 (51.43%) Market Risk
2 9 (25.71%) Grid Computing
3 5 (14.29%) Swaptions
4 2 (5.71%) Analytical Skills
4 2 (5.71%) Enterprise Cloud
4 2 (5.71%) PMI
5 1 (2.86%) Data Structures
5 1 (2.86%) Fixed Income
5 1 (2.86%) Management Information System
5 1 (2.86%) Reference Data
5 1 (2.86%) Taxonomies
Operating Systems
1 9 (25.71%) Linux
1 9 (25.71%) Unix
Processes & Methodologies
1 16 (45.71%) Risk Management
2 10 (28.57%) Data Analysis
3 9 (25.71%) Low Latency
3 9 (25.71%) TDD
3 9 (25.71%) Visualisation
4 7 (20.00%) Agile Software Development
5 6 (17.14%) Validation
6 5 (14.29%) Model Validation
6 5 (14.29%) SDLC
6 5 (14.29%) Statistical Analysis
7 4 (11.43%) Analytics
7 4 (11.43%) Data Migration
7 4 (11.43%) Migration
7 4 (11.43%) Risk Analytics
8 3 (8.57%) Credit Risk Management
8 3 (8.57%) Microservices
8 3 (8.57%) Stakeholder Management
9 2 (5.71%) Collateral Management
9 2 (5.71%) Kalman Filter
9 2 (5.71%) Target Operating Model
Programming Languages
1 12 (34.29%) Java
2 6 (17.14%) Python
2 6 (17.14%) VBA
3 5 (14.29%) C++
3 5 (14.29%) R
3 5 (14.29%) SQL
4 2 (5.71%) C#
4 2 (5.71%) Java 8
Qualifications
1 2 (5.71%) PMI Certification
2 1 (2.86%) Degree
Quality Assurance & Compliance
1 2 (5.71%) Dodd-Frank
2 1 (2.86%) Basel II
2 1 (2.86%) GRC
2 1 (2.86%) IFRS
2 1 (2.86%) IFRS 9
System Software
1 11 (31.43%) Docker
Systems Management
1 11 (31.43%) Kubernetes
Vendors
1 2 (5.71%) Oracle
2 1 (2.86%) Bloomberg