The following table provides summary statistics for contract job vacancies advertised in the City of London 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 24 June 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 / City of London
3 months to
24 Jun 2017
Same period 2016 Same period 2015
Rank 163 156 202
Rank change year-on-year -7 +46  
Contract jobs citing FATCA 3 9 6
As % of all contract IT jobs advertised in the City of London 0.092% 0.27% 0.10%
As % of the Quality Assurance & Compliance category 0.62% 2.31% 0.92%
Number of daily rates quoted 3 8 5
Median daily rate £475 £400 £600
Median daily rate % change year-on-year +18.75% -33.33%  
UK excluding London median daily rate £411 £500 £400
% change year-on-year -17.80% +25.00%  
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 the City of London with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
City of London
Contract job vacancies with a requirement for quality assurance and compliance skills 487 389 652
As % of all contract IT job vacancies advertised in the City of London 14.91% 11.50% 11.20%
Number of daily rates quoted 349 311 499
Median daily rate £500 £475 £475
Median daily rate % change year-on-year +5.26% -  
90% offered a daily rate of more than £328 £325 £300
10% offered a daily rate of more than £650 £625 £650
UK excluding London median daily rate £400 £380 £375
% change year-on-year +5.26% +1.33%  
Number of hourly rates quoted 7 1 7
Median hourly rate £15.00 £85.50 £24.00
Median hourly rate % change year-on-year -82.45% +256.25%  
90% offered a hourly rate of more than £14.02 £85.50 £10.00
10% offered a hourly rate of more than £61.00 £85.50 £63.40
UK excluding London median hourly rate £25.00 £28.00 £25.00
% change year-on-year -10.71% +12.00%  

FATCA
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London 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 the City of London

FATCA
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 FATCA in the City of London.

Contractor daily rate trend for FATCA in the City of London

For the 6 months to 24 June 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 City of London region with a requirement for FATCA.

1 6 (85.71%) Banking
2 5 (71.43%) Regulatory Compliance
3 4 (57.14%) Stakeholder Engagement
3 4 (57.14%) MiFID
4 3 (42.86%) Retail
4 3 (42.86%) Retail Banking
4 3 (42.86%) Corporate Banking
4 3 (42.86%) Matrix Organization
5 2 (28.57%) Anti-Money Laundering
5 2 (28.57%) EMIR
5 2 (28.57%) KYC
5 2 (28.57%) Change Management
5 2 (28.57%) Risk Management
6 1 (14.29%) Finance
6 1 (14.29%) Legal
6 1 (14.29%) Advertising
6 1 (14.29%) Stakeholder Management
6 1 (14.29%) Fixed Income
6 1 (14.29%) Front Office
6 1 (14.29%) UML
6 1 (14.29%) Microsoft Excel
6 1 (14.29%) MS Visio
6 1 (14.29%) Microsoft
6 1 (14.29%) Foreign Exchange (FX)
6 1 (14.29%) Project Management
6 1 (14.29%) Credit Risk
6 1 (14.29%) Market Risk
6 1 (14.29%) Investment Management
6 1 (14.29%) Reference Data
6 1 (14.29%) French Language

FATCA
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:

Applications
1 1 (14.29%) Microsoft Excel
1 1 (14.29%) Microsoft PowerPoint
1 1 (14.29%) MS Visio
General
1 6 (85.71%) Banking
2 3 (42.86%) Corporate Banking
2 3 (42.86%) Retail
2 3 (42.86%) Retail Banking
3 1 (14.29%) Advertising
3 1 (14.29%) Finance
3 1 (14.29%) French Language
3 1 (14.29%) Front Office
3 1 (14.29%) German Language
3 1 (14.29%) Investment Banking
3 1 (14.29%) Legal
3 1 (14.29%) Private Banking
Job Titles
1 6 (85.71%) Project Manager
2 2 (28.57%) Analyst
2 2 (28.57%) MiFID Project Manager
3 1 (14.29%) Business Analyst
3 1 (14.29%) Business Manager
3 1 (14.29%) Business Project Manager
3 1 (14.29%) KYC Analyst
3 1 (14.29%) MiFID Business Analyst
3 1 (14.29%) Project Analyst
3 1 (14.29%) Report Manager
Miscellaneous
1 1 (14.29%) Credit Risk
1 1 (14.29%) Derivative
1 1 (14.29%) Fixed Income
1 1 (14.29%) Foreign Exchange (FX)
1 1 (14.29%) Hedge funds
1 1 (14.29%) Market Risk
1 1 (14.29%) Reference Data
Processes & Methodologies
1 5 (71.43%) Regulatory Compliance
2 4 (57.14%) Stakeholder Engagement
3 3 (42.86%) Matrix Organization
4 2 (28.57%) Anti-Money Laundering
4 2 (28.57%) Change Management
4 2 (28.57%) KYC
4 2 (28.57%) Risk Management
5 1 (14.29%) Asset Management
5 1 (14.29%) Business Analysis
5 1 (14.29%) Business Transformation
5 1 (14.29%) Client Onboarding
5 1 (14.29%) Investment Management
5 1 (14.29%) Project Management
5 1 (14.29%) Requirements Analysis
5 1 (14.29%) Stakeholder Management
5 1 (14.29%) UML
5 1 (14.29%) Wealth Management
Quality Assurance & Compliance
1 4 (57.14%) MiFID
2 2 (28.57%) EMIR
3 1 (14.29%) Dodd-Frank
Vendors
1 1 (14.29%) Microsoft