Period
to

The median contractor rate for a Risk Analyst was £625 per day in advertised job vacancies in the City of London during the 6 months to 27 May 2022.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to 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.

Risk Analyst
Central London > City of London
6 months to
27 May 2022
Same period 2021 Same period 2020
Rank 175 126 153
Rank change year-on-year -49 +27 +77
Contract jobs requiring a Risk Analyst 8 25 5
As % of all contract jobs advertised in the City of London 0.19% 0.87% 0.16%
As % of the Job Titles category 0.20% 0.93% 0.17%
Number of daily rates quoted 4 11 5
10th Percentile - - £418
25th Percentile £600 £325 £463
Median daily rate (50th Percentile) £625 £425 £550
Median % change year-on-year +47.06% -22.73% +10.00%
75th Percentile £675 £503 £606
90th Percentile £720 £549 £610
Central London median daily rate £625 £438 £550
% change year-on-year +42.86% -20.45% +10.00%

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in the City of London. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

All Contract IT Job Vacancies
City of London
Contract vacancies in the City of London with a recognized job title 3,932 2,700 2,917
% of contract IT jobs with a recognized job title 93.20% 93.88% 93.76%
Number of daily rates quoted 2,964 1,965 2,196
10th Percentile £363 £325 £300
25th Percentile £463 £425 £413
Median daily rate (50th Percentile) £560 £525 £500
Median % change year-on-year +6.67% +5.00% -4.31%
75th Percentile £682 £638 £600
90th Percentile £775 £713 £675
Central London median daily rate £550 £525 £500
% change year-on-year +4.76% +5.00% -2.44%
Number of hourly rates quoted 49 33 50
10th Percentile £13.88 £12.08 £12.42
25th Percentile £21.00 £13.88 £14.41
Median hourly rate £37.00 £20.99 £23.37
Median % change year-on-year +76.27% -10.17% +18.32%
75th Percentile £51.75 £28.00 £38.75
90th Percentile £62.50 £37.25 £52.28
Central London median hourly rate £38.25 £18.99 £23.37
% change year-on-year +101.45% -18.74% +16.84%

Risk Analyst
Job Vacancy Trend in the City of London

Job postings that featured Risk Analyst in the job title as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Risk Analyst in the City of London

Risk Analyst
Contractor Daily Rate Trend in the City of London

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

Daily rate trend for Risk Analyst in the City of London

Risk Analyst
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Risk Analyst in the City of London over the 6 months to 27 May 2022.

Daily rate histogram for Risk Analyst in the City of London

Risk Analyst
Contractor Hourly Rate Trend in the City of London

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

Hourly rate trend for Risk Analyst in the City of London

Risk Analyst Skill Set
Top 30 Co-occurring IT Skills in the City of London

For the 6 months to 27 May 2022, Risk Analyst contract jobs required 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 featuring Risk Analyst in the job title.

1 4 (50.00%) Finance
2 3 (37.50%) Banking
2 3 (37.50%) C++
2 3 (37.50%) Market Risk
2 3 (37.50%) Social Skills
3 2 (25.00%) Documentation Skills
3 2 (25.00%) Curve Construction
3 2 (25.00%) Model Validation
3 2 (25.00%) R
3 2 (25.00%) Swaptions
3 2 (25.00%) Regulatory Compliance
3 2 (25.00%) Project Management
3 2 (25.00%) Front Office
3 2 (25.00%) SQL
3 2 (25.00%) VBA
3 2 (25.00%) Agile
3 2 (25.00%) Investment Banking
3 2 (25.00%) Statistical Analysis
3 2 (25.00%) JIRA
4 1 (12.50%) Mathematics
4 1 (12.50%) Physics
4 1 (12.50%) Computer Science
4 1 (12.50%) Incident Management
4 1 (12.50%) Statistics
4 1 (12.50%) ISO/IEC 27001
4 1 (12.50%) COBIT
4 1 (12.50%) Migration
4 1 (12.50%) Fixed Income
4 1 (12.50%) Information Security
4 1 (12.50%) Oracle

Risk Analyst Skill Set
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 (12.50%) SharePoint
Applications
1 1 (12.50%) Microsoft Excel
Cloud Services
1 1 (12.50%) AWS
Development Applications
1 2 (25.00%) JIRA
General
1 4 (50.00%) Finance
2 3 (37.50%) Banking
2 3 (37.50%) Social Skills
3 2 (25.00%) Documentation Skills
3 2 (25.00%) Front Office
3 2 (25.00%) Investment Banking
4 1 (12.50%) Influencing Skills
Libraries, Frameworks & Software Standards
1 1 (12.50%) HTML
Miscellaneous
1 3 (37.50%) Market Risk
2 2 (25.00%) Swaptions
3 1 (12.50%) Data Centre
3 1 (12.50%) Fixed Income
Processes & Methodologies
1 2 (25.00%) Agile
1 2 (25.00%) Curve Construction
1 2 (25.00%) Model Validation
1 2 (25.00%) Project Management
1 2 (25.00%) Regulatory Compliance
1 2 (25.00%) Statistical Analysis
2 1 (12.50%) Computer Science
2 1 (12.50%) Conflict Resolution
2 1 (12.50%) Identity Access Management
2 1 (12.50%) Incident Management
2 1 (12.50%) Lean Software Development
2 1 (12.50%) Mathematics
2 1 (12.50%) Physics
2 1 (12.50%) Problem-Solving
2 1 (12.50%) Project Delivery
2 1 (12.50%) Regtech
2 1 (12.50%) Remediation Plan
2 1 (12.50%) SDLC
2 1 (12.50%) Statistics
2 1 (12.50%) Vulnerability Management
Programming Languages
1 3 (37.50%) C++
2 2 (25.00%) R
2 2 (25.00%) SQL
2 2 (25.00%) VBA
3 1 (12.50%) Java
3 1 (12.50%) Python
Quality Assurance & Compliance
1 1 (12.50%) COBIT
1 1 (12.50%) ISO/IEC 27001
1 1 (12.50%) NIST
System Software
1 1 (12.50%) Active Directory
Systems Management
1 1 (12.50%) SCCM
Vendors
1 1 (12.50%) CrowdStrike
1 1 (12.50%) Oracle
1 1 (12.50%) ServiceNow