Period
to 28 March 2020

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 28 March 2020 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
28 Mar 2020
Same period 2019 Same period 2018
Rank 158 237 201
Rank change year-on-year +79 -36 -26
Contract jobs citing Market Risk 23 12 53
As % of all contract jobs advertised in the City of London 0.53% 0.18% 0.75%
As % of the Miscellaneous category 1.55% 0.47% 1.82%
Number of daily rates quoted 17 7 41
Median daily rate £563 £575 £600
Median daily rate % change year-on-year -2.17% -4.17% -
10th Percentile £425 £425 £275
90th Percentile £713 £678 £763
Central London median daily rate £563 £575 £600
% change year-on-year -2.17% -4.17% -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
Central London median hourly rate - - -

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 1,484 2,552 2,915
As % of all contract IT jobs advertised in the City of London 34.50% 37.70% 41.08%
Number of daily rates quoted 1,085 1,874 2,279
Median daily rate £525 £525 £525
10th Percentile £279 £300 £314
90th Percentile £698 £688 £725
Central London median daily rate £510 £525 £520
% change year-on-year -2.86% +0.96% +5.58%
Number of hourly rates quoted 48 43 55
Median hourly rate £25.00 £18.70 £21.50
Median hourly rate % change year-on-year +33.69% -13.02% +13.16%
10th Percentile £12.42 £13.06 £12.79
90th Percentile £51.55 £37.50 £48.40
Median hourly rate £25.72 £19.63 £21.50
% change year-on-year +31.06% -8.72% +13.16%

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 28 March 2020.

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 28 March 2020, 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 15 (65.22%) Finance
2 14 (60.87%) Python
3 9 (39.13%) Credit Risk
4 8 (34.78%) Java
5 7 (30.43%) C++
5 7 (30.43%) Banking
6 6 (26.09%) Risk Management
6 6 (26.09%) Analytics
7 5 (21.74%) Apache Spark
8 4 (17.39%) C#
8 4 (17.39%) SQL
8 4 (17.39%) Derivative
8 4 (17.39%) Risk Analytics
8 4 (17.39%) Java 8
9 3 (13.04%) Parquet
9 3 (13.04%) Investment Banking
9 3 (13.04%) Apache Avro
9 3 (13.04%) MapR
9 3 (13.04%) Multithreading
9 3 (13.04%) AWS
9 3 (13.04%) Big Data
9 3 (13.04%) Thought Leadership
9 3 (13.04%) JIRA
9 3 (13.04%) Mathematics
9 3 (13.04%) Data Analysis
9 3 (13.04%) Retail
9 3 (13.04%) Asset Management
9 3 (13.04%) Apache
9 3 (13.04%) Project Management
10 2 (8.70%) MATLAB

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 (21.74%) Apache Spark
2 3 (13.04%) Apache
3 1 (4.35%) Confluence
3 1 (4.35%) IBM HTTP Server
3 1 (4.35%) Tomcat
Cloud Services
1 3 (13.04%) AWS
2 2 (8.70%) GitHub
Database & Business Intelligence
1 3 (13.04%) Big Data
1 3 (13.04%) Parquet
2 2 (8.70%) Hadoop
3 1 (4.35%) Relational Database
3 1 (4.35%) SQL Server
Development Applications
1 3 (13.04%) JIRA
2 2 (8.70%) Git (software)
2 2 (8.70%) Maven
3 1 (4.35%) Subversion
3 1 (4.35%) TeamCity
General
1 15 (65.22%) Finance
2 7 (30.43%) Banking
3 3 (13.04%) Investment Banking
3 3 (13.04%) Retail
4 2 (8.70%) Front Office
4 2 (8.70%) Wholesale Banking
5 1 (4.35%) Back Office
5 1 (4.35%) Financial Institution
5 1 (4.35%) Legal
Job Titles
1 11 (47.83%) Developer
2 8 (34.78%) Analyst
3 5 (21.74%) Business Analyst
4 4 (17.39%) Java Developer
4 4 (17.39%) Python Developer
4 4 (17.39%) Quantitative Developer
5 3 (13.04%) Qualitative Analyst
5 3 (13.04%) Quantitative Analyst
5 3 (13.04%) Risk Analyst
6 2 (8.70%) C# Developer
6 2 (8.70%) Project Manager
6 2 (8.70%) Risk Business Analyst
7 1 (4.35%) Investment Banking Business Analyst
7 1 (4.35%) Market Risk Developer
7 1 (4.35%) Programmer
7 1 (4.35%) Quantitative Risk Analyst
7 1 (4.35%) Senior Analyst
7 1 (4.35%) Senior Quantitative Analyst
7 1 (4.35%) Technical Analyst
7 1 (4.35%) UI Developer
Libraries, Frameworks & Software Standards
1 3 (13.04%) Apache Avro
2 2 (8.70%) .NET
2 2 (8.70%) Anaconda
2 2 (8.70%) Kafka
2 2 (8.70%) Spring
2 2 (8.70%) Web Services
3 1 (4.35%) .NET Framework
3 1 (4.35%) JSON
3 1 (4.35%) Managed Extensibility Framework
3 1 (4.35%) Pandas
3 1 (4.35%) REST
3 1 (4.35%) WCF
3 1 (4.35%) WinForms
3 1 (4.35%) WPF
3 1 (4.35%) XSLT
Miscellaneous
1 9 (39.13%) Credit Risk
2 4 (17.39%) Derivative
3 2 (8.70%) Management Information System
4 1 (4.35%) Algorithms
4 1 (4.35%) Analytical Skills
4 1 (4.35%) CUDA
4 1 (4.35%) Interest Rate Derivative
Operating Systems
1 2 (8.70%) Linux
Processes & Methodologies
1 6 (26.09%) Analytics
1 6 (26.09%) Risk Management
2 4 (17.39%) Risk Analytics
3 3 (13.04%) Asset Management
3 3 (13.04%) Data Analysis
3 3 (13.04%) Mathematics
3 3 (13.04%) Multithreading
3 3 (13.04%) Project Management
3 3 (13.04%) Thought Leadership
4 2 (8.70%) Agile Software Development
4 2 (8.70%) Backtesting
4 2 (8.70%) Business Analysis
4 2 (8.70%) Financial Modelling
4 2 (8.70%) Problem-Solving
4 2 (8.70%) Scenario Testing
4 2 (8.70%) SOA
4 2 (8.70%) Stress Testing
4 2 (8.70%) Use Case
4 2 (8.70%) User Acceptance Testing
4 2 (8.70%) Workflow
Programming Languages
1 14 (60.87%) Python
2 8 (34.78%) Java
3 7 (30.43%) C++
4 4 (17.39%) C#
4 4 (17.39%) Java 8
4 4 (17.39%) SQL
5 2 (8.70%) MATLAB
5 2 (8.70%) R
Qualifications
1 1 (4.35%) CFA
1 1 (4.35%) Degree
1 1 (4.35%) Master's Degree
1 1 (4.35%) PhD
Quality Assurance & Compliance
1 1 (4.35%) Basel III
Systems Management
1 1 (4.35%) Control-M
Vendors
1 3 (13.04%) MapR
2 1 (4.35%) Informatica
2 1 (4.35%) Murex