Period
to 27 October 2021

The table below looks at the prevalence of the term Market 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 Market Risk over the 6 months to 27 October 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.

Market Risk
Central London > City of London
6 months to
27 Oct 2021
Same period 2020 Same period 2019
Rank 129 97 207
Rank change year-on-year -32 +110 +3
Contract jobs citing Market Risk 51 21 25
As % of all contract jobs advertised in the City of London 1.30% 1.17% 0.42%
As % of the Miscellaneous category 3.46% 3.28% 1.40%
Number of daily rates quoted 40 13 21
10th Percentile £513 £503 £450
25th Percentile £575 £517 £488
Median daily rate (50th Percentile) £625 £602 £650
Median % change year-on-year +3.76% -7.33% +4.00%
75th Percentile £763 £713 £738
90th Percentile £803 £745 "
Central London median daily rate £625 £602 £650
% change year-on-year +3.76% -7.33% +4.00%

Market 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 1,476 641 1,789
As % of all contract IT jobs advertised in the City of London 37.70% 35.61% 30.13%
Number of daily rates quoted 1,107 447 1,385
10th Percentile £385 £310 £313
25th Percentile £494 £413 £425
Median daily rate (50th Percentile) £600 £525 £525
Median % change year-on-year +14.29% - -
75th Percentile £688 £625 £625
90th Percentile £778 £725 £700
Central London median daily rate £600 £525 £525
% change year-on-year +14.29% - -
Number of hourly rates quoted 24 23 31
10th Percentile £9.50 £15.50 £11.75
25th Percentile £20.94 £22.75 £13.01
Median hourly rate £34.75 £36.00 £20.50
Median % change year-on-year -3.47% +75.61% +6.49%
75th Percentile £42.81 £46.00 £30.32
90th Percentile £61.75 £47.75 £49.13
Central London median hourly rate £35.00 £35.50 £21.00
% change year-on-year -1.41% +69.05% +8.39%

Market Risk
Job Vacancy Trend in the City of London

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

Job vacancy trend for Market Risk in the City of London

Market Risk
Contractor Daily Rate Trend in the City of London

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

Daily rate trend for Market Risk in the City of London

Market Risk
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Market Risk in the City of London over the 6 months to 27 October 2021.

Daily rate histogram for Market Risk in the City of London

Market Risk
Contractor Hourly Rate Trend in the City of London

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

Hourly rate trend for Market Risk in the City of London

For the 6 months to 27 October 2021, IT contractor jobs citing Market 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 Market Risk.

1 33 (64.71%) Banking
2 31 (60.78%) Finance
3 26 (50.98%) Credit Risk
4 25 (49.02%) Agile Software Development
5 17 (33.33%) Investment Banking
6 15 (29.41%) SQL
7 14 (27.45%) Front Office
8 13 (25.49%) C#
8 13 (25.49%) Python
9 12 (23.53%) .NET
10 11 (21.57%) TDD
10 11 (21.57%) Fixed Income
11 10 (19.61%) SDLC
12 9 (17.65%) Documentation Skills
12 9 (17.65%) Model Validation
12 9 (17.65%) Statistical Analysis
12 9 (17.65%) C++
12 9 (17.65%) Java
12 9 (17.65%) VBA
12 9 (17.65%) Validation
12 9 (17.65%) Swaptions
12 9 (17.65%) Azure
12 9 (17.65%) R
13 8 (15.69%) Derivative
14 7 (13.73%) Software Engineering
14 7 (13.73%) Data Warehouse
14 7 (13.73%) Mathematics
14 7 (13.73%) DevOps
14 7 (13.73%) Microservices
14 7 (13.73%) Greenfield Project

Market 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 5 (9.80%) Apache Spark
2 1 (1.96%) Apache
2 1 (1.96%) IBM HTTP Server
Business Applications
1 2 (3.92%) Bloomberg TOMS
2 1 (1.96%) Loan IQ
Cloud Services
1 9 (17.65%) Azure
2 2 (3.92%) Amazon EMR
2 2 (3.92%) AWS
2 2 (3.92%) Datadog
2 2 (3.92%) GCP
2 2 (3.92%) Google Data Studio
2 2 (3.92%) IaaS
2 2 (3.92%) PaaS
3 1 (1.96%) Azure Pipelines
3 1 (1.96%) Power Platform
Database & Business Intelligence
1 7 (13.73%) Data Warehouse
2 5 (9.80%) Big Data
2 5 (9.80%) SQL Server
2 5 (9.80%) SQL Server Integration Services
3 2 (3.92%) BigQuery
3 2 (3.92%) Data Lake
3 2 (3.92%) DB2
3 2 (3.92%) Delta Lake
3 2 (3.92%) Flink
3 2 (3.92%) Hadoop
3 2 (3.92%) MongoDB
3 2 (3.92%) NoSQL
3 2 (3.92%) PostgreSQL
3 2 (3.92%) Tableau
4 1 (1.96%) Azure SQL Data Warehouse
4 1 (1.96%) Azure SQL Database
4 1 (1.96%) Power BI
Development Applications
1 4 (7.84%) JIRA
1 4 (7.84%) TeamCity
2 3 (5.88%) Git (software)
3 1 (1.96%) Hudson
3 1 (1.96%) Jenkins
3 1 (1.96%) Octopus Deploy
General
1 33 (64.71%) Banking
2 31 (60.78%) Finance
3 17 (33.33%) Investment Banking
4 14 (27.45%) Front Office
5 9 (17.65%) Documentation Skills
6 4 (7.84%) Financial Institution
6 4 (7.84%) Social Skills
7 3 (5.88%) Analytical Skills
7 3 (5.88%) International Banking
8 2 (3.92%) Legal
9 1 (1.96%) Prime Brokerage
Job Titles
1 31 (60.78%) Developer
2 16 (31.37%) Analyst
3 14 (27.45%) Risk Analyst
4 10 (19.61%) C# Developer
5 9 (17.65%) Market Risk Analyst
5 9 (17.65%) Qualitative Analyst
5 9 (17.65%) Quantitative Analyst
5 9 (17.65%) Quantitative Risk Analyst
6 8 (15.69%) Java Developer
6 8 (15.69%) Market Analyst
7 7 (13.73%) Credit Risk Developer
7 7 (13.73%) Python Developer
7 7 (13.73%) Python Engineer
8 5 (9.80%) Azure Developer
9 4 (7.84%) Banking Analyst
9 4 (7.84%) SSIS Developer
10 3 (5.88%) Business Analyst
10 3 (5.88%) Senior Developer
10 3 (5.88%) Senior Java Developer
11 2 (3.92%) Architect
Libraries, Frameworks & Software Standards
1 12 (23.53%) .NET
2 3 (5.88%) .NET Core
2 3 (5.88%) .NET Framework
3 2 (3.92%) Kafka
3 2 (3.92%) Samza
3 2 (3.92%) Web Services
4 1 (1.96%) AngularJS
4 1 (1.96%) ASP.NET
4 1 (1.96%) Pandas
4 1 (1.96%) REST
4 1 (1.96%) WCF
4 1 (1.96%) WPF
Miscellaneous
1 26 (50.98%) Credit Risk
2 11 (21.57%) Fixed Income
3 9 (17.65%) Swaptions
4 8 (15.69%) Derivative
5 7 (13.73%) Greenfield Project
6 6 (11.76%) Credit Derivative
7 3 (5.88%) Equities
8 2 (3.92%) Foreign Exchange (FX)
8 2 (3.92%) Hedge funds
9 1 (1.96%) Legacy Systems
Processes & Methodologies
1 25 (49.02%) Agile Software Development
2 11 (21.57%) TDD
3 10 (19.61%) SDLC
4 9 (17.65%) Model Validation
4 9 (17.65%) Statistical Analysis
4 9 (17.65%) Validation
5 7 (13.73%) DevOps
5 7 (13.73%) Mathematics
5 7 (13.73%) Microservices
5 7 (13.73%) Software Engineering
6 6 (11.76%) Analytics
6 6 (11.76%) Physics
7 3 (5.88%) Business Intelligence
7 3 (5.88%) Continuous Integration
7 3 (5.88%) Risk Analytics
7 3 (5.88%) Risk Management
7 3 (5.88%) Test Automation
7 3 (5.88%) Unit Testing
8 2 (3.92%) AOP
8 2 (3.92%) Scrum
Programming Languages
1 15 (29.41%) SQL
2 13 (25.49%) C#
2 13 (25.49%) Python
3 9 (17.65%) C++
3 9 (17.65%) Java
3 9 (17.65%) R
3 9 (17.65%) VBA
4 1 (1.96%) PowerShell
Qualifications
1 3 (5.88%) Degree
2 2 (3.92%) Computer Science Degree
Quality Assurance & Compliance
1 2 (3.92%) GDPR
2 1 (1.96%) QA
System Software
1 2 (3.92%) Docker
Systems Management
1 2 (3.92%) Kubernetes
Vendors
1 2 (3.92%) AppDynamics
1 2 (3.92%) Bloomberg
1 2 (3.92%) Google
1 2 (3.92%) Microsoft
1 2 (3.92%) Murex
1 2 (3.92%) Oracle
1 2 (3.92%) Splunk