Period
to

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 21 May 2022 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
21 May 2022
Same period 2021 Same period 2020
Rank 161 103 134
Rank change year-on-year -58 +31 +92
Contract jobs citing Market Risk 26 54 22
As % of all contract jobs advertised in the City of London 0.61% 1.89% 0.69%
As % of the Miscellaneous category 1.83% 4.89% 2.16%
Number of daily rates quoted 16 38 18
10th Percentile £606 £543 £450
25th Percentile £669 £575 £500
Median daily rate (50th Percentile) £743 £650 £575
Median % change year-on-year +14.23% +13.04% -2.13%
75th Percentile £818 £709 £675
90th Percentile £1,113 £741 £688
Central London median daily rate £743 £650 £575
% change year-on-year +14.23% +13.04% -

Market Risk is in the General and Transferable 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 Skills
City of London
Contract vacancies with a requirement for generic IT skills 1,423 1,104 1,017
As % of all contract IT jobs advertised in the City of London 33.59% 38.71% 31.92%
Number of daily rates quoted 1,025 756 733
10th Percentile £413 £350 £306
25th Percentile £495 £450 £413
Median daily rate (50th Percentile) £575 £550 £525
Median % change year-on-year +4.55% +4.76% -
75th Percentile £700 £657 £625
90th Percentile £811 £738 £688
Central London median daily rate £575 £550 £505
% change year-on-year +4.55% +8.91% -3.81%
Number of hourly rates quoted 28 14 38
10th Percentile £18.50 £8.00 £12.42
25th Percentile £37.00 £8.88 £15.00
Median hourly rate £46.50 £15.36 £27.34
Median % change year-on-year +202.69% -43.80% +41.10%
75th Percentile £59.50 £34.44 £42.59
90th Percentile £63.48 £41.28 £52.48
Central London median hourly rate £46.50 £17.98 £29.88
% change year-on-year +158.69% -39.83% +53.21%

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 21 May 2022.

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 21 May 2022, 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 20 (76.92%) Finance
2 16 (61.54%) Front Office
2 16 (61.54%) Banking
3 11 (42.31%) Investment Banking
4 9 (34.62%) C#
5 7 (26.92%) Credit Risk
6 6 (23.08%) TeamCity
6 6 (23.08%) Analytics
6 6 (23.08%) C++
6 6 (23.08%) Python
6 6 (23.08%) .NET
6 6 (23.08%) Microsoft
7 5 (19.23%) Risk Management
7 5 (19.23%) Agile
7 5 (19.23%) SQL Server
7 5 (19.23%) SQL
7 5 (19.23%) Foreign Exchange (FX)
7 5 (19.23%) Derivative
7 5 (19.23%) Social Skills
8 4 (15.38%) International Banking
8 4 (15.38%) Mathematics
8 4 (15.38%) JIRA
8 4 (15.38%) Docker
8 4 (15.38%) Risk Analytics
8 4 (15.38%) Amazon EC2
8 4 (15.38%) Azure
8 4 (15.38%) Java
8 4 (15.38%) Murex
8 4 (15.38%) IBM HTTP Server
8 4 (15.38%) Grid Computing

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 4 (15.38%) IBM HTTP Server
Applications
1 2 (7.69%) Microsoft Excel
2 1 (3.85%) Microsoft Office
Cloud Services
1 4 (15.38%) Amazon EC2
1 4 (15.38%) Azure
2 2 (7.69%) Cloud Computing
3 1 (3.85%) AWS
Database & Business Intelligence
1 5 (19.23%) SQL Server
2 2 (7.69%) Big Data
2 2 (7.69%) Data Lake
3 1 (3.85%) Apache Hive
3 1 (3.85%) Hadoop
3 1 (3.85%) HBase
3 1 (3.85%) Impala
Development Applications
1 6 (23.08%) TeamCity
2 4 (15.38%) JIRA
3 3 (11.54%) Git (software)
4 2 (7.69%) Subversion
4 2 (7.69%) Visual Studio
5 1 (3.85%) Jenkins
5 1 (3.85%) MSBuild
5 1 (3.85%) Octopus Deploy
General
1 20 (76.92%) Finance
2 16 (61.54%) Banking
2 16 (61.54%) Front Office
3 11 (42.31%) Investment Banking
4 5 (19.23%) Social Skills
5 4 (15.38%) International Banking
6 3 (11.54%) Analytical Skills
7 2 (7.69%) Documentation Skills
7 2 (7.69%) Financial Institution
8 1 (3.85%) Back Office
8 1 (3.85%) Law
8 1 (3.85%) Legal
Job Titles
1 12 (46.15%) Developer
2 10 (38.46%) Analyst
3 6 (23.08%) Qualitative Analyst
3 6 (23.08%) Quantitative Analyst
4 4 (15.38%) .NET Developer
4 4 (15.38%) Business Analyst
5 3 (11.54%) Analyst Developer
5 3 (11.54%) Quantitative Analyst Developer
5 3 (11.54%) Quantitative Developer
5 3 (11.54%) Risk Analyst
6 2 (7.69%) Product Owner
6 2 (7.69%) Quantitative Risk Analyst
7 1 (3.85%) Investment Banking Business Analyst
7 1 (3.85%) Market Risk Developer
7 1 (3.85%) Murex Analyst
7 1 (3.85%) Risk Business Analyst
7 1 (3.85%) Risk Project Manager
7 1 (3.85%) Scrum Master
7 1 (3.85%) Senior Risk Manager
7 1 (3.85%) Senior Technical Project Manager
Libraries, Frameworks & Software Standards
1 6 (23.08%) .NET
2 3 (11.54%) .NET Core
2 3 (11.54%) Murex Flex
2 3 (11.54%) Spring
3 2 (7.69%) .NET Framework
3 2 (7.69%) ASP.NET
3 2 (7.69%) WCF
3 2 (7.69%) WF
4 1 (3.85%) Web Services
4 1 (3.85%) XSLT
Miscellaneous
1 7 (26.92%) Credit Risk
2 5 (19.23%) Derivative
2 5 (19.23%) Foreign Exchange (FX)
3 4 (15.38%) Grid Computing
4 2 (7.69%) Fixed Income
4 2 (7.69%) Legacy Code
4 2 (7.69%) Swaptions
5 1 (3.85%) Equities
5 1 (3.85%) Equity Risk
5 1 (3.85%) Reference Data
Processes & Methodologies
1 6 (23.08%) Analytics
2 5 (19.23%) Agile
2 5 (19.23%) Risk Management
3 4 (15.38%) Mathematics
3 4 (15.38%) Risk Analytics
4 3 (11.54%) Continuous Integration
4 3 (11.54%) Fintech
4 3 (11.54%) Integration Testing
4 3 (11.54%) Microservices
4 3 (11.54%) Monte Carlo Method
4 3 (11.54%) Project Delivery
4 3 (11.54%) SDLC
5 2 (7.69%) Credit Risk Analytics
5 2 (7.69%) Curve Construction
5 2 (7.69%) Data Strategy
5 2 (7.69%) Low Latency
5 2 (7.69%) Model Validation
5 2 (7.69%) Problem-Solving
5 2 (7.69%) Requirements Gathering
5 2 (7.69%) Unit Testing
Programming Languages
1 9 (34.62%) C#
2 6 (23.08%) C++
2 6 (23.08%) Python
3 5 (19.23%) SQL
4 4 (15.38%) Java
5 2 (7.69%) R
5 2 (7.69%) VBA
6 1 (3.85%) C
6 1 (3.85%) F#
6 1 (3.85%) Scala
Qualifications
1 2 (7.69%) Degree
2 1 (3.85%) PhD
Quality Assurance & Compliance
1 1 (3.85%) QA
System Software
1 4 (15.38%) Docker
2 1 (3.85%) HDFS
Systems Management
1 3 (11.54%) Control-M
2 1 (3.85%) Kubernetes
2 1 (3.85%) Prometheus
Vendors
1 6 (23.08%) Microsoft
2 4 (15.38%) Murex
3 1 (3.85%) Informatica