Period
to 21 November 2017

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 6 months to 21 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.

Foreign Account Tax Compliance Act (FATCA)
Central London > City of London
6 months to
21 Nov 2017
Same period 2016 Same period 2015
Rank 249 242 256
Rank change year-on-year -7 +14 +31
Contract jobs citing FATCA 3 7 7
As % of all contract IT jobs advertised in the City of London 0.042% 0.11% 0.077%
As % of the Quality Assurance & Compliance category 0.32% 0.88% 0.69%
Number of daily rates quoted 3 5 3
City of London median daily rate £355 £490 £520
Median daily rate % change year-on-year -27.55% -5.77% -6.52%
10th Percentile £341 £359 £277
90th Percentile £463 £543 £560
Central London median daily rate £355 £490 £520
% change year-on-year -27.55% -5.77% -6.52%
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate - - -

FATCA 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 the City of London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
City of London
Contract vacancies with a requirement for quality assurance or compliance skills 941 791 1009
As % of all contract IT jobs advertised in the City of London 13.16% 11.89% 11.14%
Number of daily rates quoted 734 627 732
City of London median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.56% +1.12%
10th Percentile £313 £313 £288
90th Percentile £675 £675 £625
Central London median daily rate £484 £475 £450
% change year-on-year +1.84% +5.56% +2.86%
Number of hourly rates quoted 16 5 15
City of London median hourly rate £15.00 £46.50 £21.25
Median hourly rate % change year-on-year -67.74% +118.82% +21.43%
Central London median hourly rate £15.00 £46.50 £22.63
% change year-on-year -67.74% +105.52% +41.41%

FATCA
Job Vacancy Trend in the City of London

Job postings citing FATCA as a percentage of all IT jobs advertised in the City of London.

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 21 November 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 2 (66.67%) Banking
1 2 (66.67%) Retail Banking
1 2 (66.67%) Stakeholder Engagement
2 1 (33.33%) Hedge funds
2 1 (33.33%) EMIR
2 1 (33.33%) Dodd-Frank
2 1 (33.33%) Data Privacy
2 1 (33.33%) Stakeholder Analysis
2 1 (33.33%) Target Operating Model
2 1 (33.33%) KYC
2 1 (33.33%) Anti-Money Laundering
2 1 (33.33%) Matrix Organization
2 1 (33.33%) Regulatory Compliance
2 1 (33.33%) GDPR
2 1 (33.33%) Corporate Banking
2 1 (33.33%) MiFID
2 1 (33.33%) Data Migration
2 1 (33.33%) Data Mapping
2 1 (33.33%) Retail
2 1 (33.33%) Business Analysis
2 1 (33.33%) Financial Institution
2 1 (33.33%) Finance
2 1 (33.33%) Advertising
2 1 (33.33%) Migration
2 1 (33.33%) Stakeholder Management

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:

General
1 2 (66.67%) Banking
1 2 (66.67%) Retail Banking
2 1 (33.33%) Advertising
2 1 (33.33%) Corporate Banking
2 1 (33.33%) Finance
2 1 (33.33%) Financial Institution
2 1 (33.33%) Retail
Job Titles
1 1 (33.33%) Analyst
1 1 (33.33%) Banking Analyst
1 1 (33.33%) Business Analyst
1 1 (33.33%) Project Manager
1 1 (33.33%) Retail Banking Business Analyst
Miscellaneous
1 1 (33.33%) Hedge funds
Processes & Methodologies
1 2 (66.67%) Stakeholder Engagement
2 1 (33.33%) Anti-Money Laundering
2 1 (33.33%) Business Analysis
2 1 (33.33%) Data Mapping
2 1 (33.33%) Data Migration
2 1 (33.33%) Data Privacy
2 1 (33.33%) KYC
2 1 (33.33%) Matrix Organization
2 1 (33.33%) Migration
2 1 (33.33%) Regulatory Compliance
2 1 (33.33%) Stakeholder Analysis
2 1 (33.33%) Stakeholder Management
2 1 (33.33%) Target Operating Model
Quality Assurance & Compliance
1 1 (33.33%) Dodd-Frank
1 1 (33.33%) EMIR
1 1 (33.33%) GDPR
1 1 (33.33%) MiFID