Period
to 22 April 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 22 April 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
22 Apr 2021
Same period 2020 Same period 2019
Rank 103 144 237
Rank change year-on-year +41 +93 -24
Contract jobs citing Market Risk 37 24 11
As % of all contract jobs advertised in the City of London 1.48% 0.63% 0.16%
As % of the Miscellaneous category 3.73% 1.79% 0.44%
Number of daily rates quoted 22 20 7
10th Percentile £444 £450 £426
25th Percentile £572 £500 £503
Median daily rate (50th Percentile) £675 £569 £600
Median % change year-on-year +18.68% -5.21% -1.03%
75th Percentile £706 £688 £656
90th Percentile £725 £694 £700
Central London median daily rate £675 £569 £588
% change year-on-year +18.68% -3.19% -3.09%

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 993 1,343 2,500
As % of all contract IT jobs advertised in the City of London 39.72% 35.25% 37.24%
Number of daily rates quoted 688 975 1,849
10th Percentile £340 £276 £313
25th Percentile £435 £413 £425
Median daily rate (50th Percentile) £550 £520 £525
Median % change year-on-year +5.77% -0.95% -
75th Percentile £650 £625 £625
90th Percentile £725 £694 £688
Central London median daily rate £550 £500 £525
% change year-on-year +10.00% -4.76% +1.94%
Number of hourly rates quoted 12 45 44
10th Percentile £11.59 £12.42 £12.58
25th Percentile £12.38 £14.38 £16.19
Median hourly rate £16.03 £25.00 £18.98
Median % change year-on-year -35.90% +31.75% -11.18%
75th Percentile £23.75 £38.75 £33.13
90th Percentile £36.13 £52.25 £37.50
Central London median hourly rate £18.99 £25.00 £20.00
% change year-on-year -24.05% +25.00% -4.76%

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 22 April 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 22 April 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 29 (78.38%) Finance
2 24 (64.86%) Front Office
3 18 (48.65%) Credit Risk
4 15 (40.54%) C++
5 14 (37.84%) Risk Management
6 12 (32.43%) Banking
6 12 (32.43%) Mathematics
7 11 (29.73%) Analytical Skills
7 11 (29.73%) Unix
8 10 (27.03%) Java
8 10 (27.03%) Investment Banking
8 10 (27.03%) Kubernetes
9 9 (24.32%) Spring Boot
9 9 (24.32%) Docker
9 9 (24.32%) TDD
9 9 (24.32%) Visualisation
9 9 (24.32%) Low Latency
9 9 (24.32%) Data Analysis
9 9 (24.32%) Spring
9 9 (24.32%) Maven
9 9 (24.32%) Grid Computing
9 9 (24.32%) Linux
9 9 (24.32%) Python
10 8 (21.62%) Validation
10 8 (21.62%) Physics
10 8 (21.62%) Model Validation
11 7 (18.92%) Backtesting
11 7 (18.92%) Degree
11 7 (18.92%) Derivative
12 6 (16.22%) Foreign Exchange (FX)

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 1 (2.70%) Apache Spark
Business Applications
1 2 (5.41%) Eikon
1 2 (5.41%) ION MarketView
Cloud Services
1 1 (2.70%) Azure
Database & Business Intelligence
1 4 (10.81%) SQL Server
2 2 (5.41%) Big Data
2 2 (5.41%) Microsoft Analysis Services
2 2 (5.41%) SQL Server Analysis Services
2 2 (5.41%) SQL Server Integration Services
2 2 (5.41%) SQL Server Reporting Services
3 1 (2.70%) Flink
3 1 (2.70%) MongoDB
3 1 (2.70%) MS Access
3 1 (2.70%) Relational Database
Development Applications
1 9 (24.32%) Maven
2 1 (2.70%) JIRA
2 1 (2.70%) Octopus Deploy
2 1 (2.70%) TeamCity
General
1 29 (78.38%) Finance
2 24 (64.86%) Front Office
3 12 (32.43%) Banking
4 10 (27.03%) Investment Banking
5 4 (10.81%) Financial Institution
6 1 (2.70%) Retail Banking
Job Titles
1 17 (45.95%) Developer
2 15 (40.54%) Analyst
3 12 (32.43%) Qualitative Analyst
3 12 (32.43%) Quantitative Analyst
4 10 (27.03%) Java Developer
4 10 (27.03%) Senior Developer
4 10 (27.03%) Senior Java Developer
5 6 (16.22%) Risk Analyst
6 4 (10.81%) Python Developer
6 4 (10.81%) Quantitative Risk Analyst
7 3 (8.11%) C# Developer
7 3 (8.11%) Pricing Analyst
7 3 (8.11%) Quantitative Developer
7 3 (8.11%) Validation Analyst
8 2 (5.41%) Business Analyst
8 2 (5.41%) Market Analyst
8 2 (5.41%) Market Risk Analyst
9 1 (2.70%) Market Risk Business Analyst
9 1 (2.70%) Quantitative Project Manager
9 1 (2.70%) Risk Manager
Libraries, Frameworks & Software Standards
1 9 (24.32%) Spring
1 9 (24.32%) Spring Boot
2 3 (8.11%) .NET
3 2 (5.41%) Entity Framework
3 2 (5.41%) Middleware
4 1 (2.70%) .NET Core
4 1 (2.70%) .NET Framework
4 1 (2.70%) Flash
4 1 (2.70%) Kafka
4 1 (2.70%) Samza
Miscellaneous
1 18 (48.65%) Credit Risk
2 11 (29.73%) Analytical Skills
3 9 (24.32%) Grid Computing
4 7 (18.92%) Derivative
5 6 (16.22%) Foreign Exchange (FX)
6 5 (13.51%) Swaptions
7 4 (10.81%) Fixed Income
8 1 (2.70%) Credit Derivative
8 1 (2.70%) Equities
8 1 (2.70%) Greenfield Project
Operating Systems
1 11 (29.73%) Unix
2 9 (24.32%) Linux
Processes & Methodologies
1 14 (37.84%) Risk Management
2 12 (32.43%) Mathematics
3 9 (24.32%) Data Analysis
3 9 (24.32%) Low Latency
3 9 (24.32%) TDD
3 9 (24.32%) Visualisation
4 8 (21.62%) Model Validation
4 8 (21.62%) Physics
4 8 (21.62%) Validation
5 7 (18.92%) Backtesting
6 5 (13.51%) Statistical Analysis
6 5 (13.51%) Statistics
6 5 (13.51%) Test Automation
7 4 (10.81%) Agile Software Development
7 4 (10.81%) Monte Carlo Method
8 3 (8.11%) Analytics
8 3 (8.11%) Electronic Trading
8 3 (8.11%) Financial Modelling
8 3 (8.11%) Risk Analytics
8 3 (8.11%) Stochastic Calculus
Programming Languages
1 15 (40.54%) C++
2 10 (27.03%) Java
3 9 (24.32%) Python
4 6 (16.22%) SQL
4 6 (16.22%) VBA
5 5 (13.51%) R
6 4 (10.81%) C#
7 3 (8.11%) Haskell
Qualifications
1 7 (18.92%) Degree
2 4 (10.81%) PhD
Quality Assurance & Compliance
1 2 (5.41%) Dodd-Frank
2 1 (2.70%) Basel II
System Software
1 9 (24.32%) Docker
Systems Management
1 10 (27.03%) Kubernetes
Vendors
1 3 (8.11%) Bloomberg
2 2 (5.41%) ION Trading
2 2 (5.41%) Reuters
2 2 (5.41%) Solace