Period
to 21 November 2017

The following table provides summary statistics for contract job vacancies advertised in London with a requirement for FATCA skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited FATCA over the 6 months to 21 November 2017 with a comparison to the 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.

Foreign Account Tax Compliance Act (FATCA)
England > London
6 months to
21 Nov 2017
Same period 2016 Same period 2015
Rank 613 514 527
Rank change year-on-year -99 +13 +25
Contract jobs citing FATCA 21 101 83
As % of all contract IT jobs advertised in London 0.045% 0.22% 0.18%
As % of the Quality Assurance & Compliance category 0.34% 1.99% 1.51%
Number of daily rates quoted 19 71 50
London median daily rate £450 £550 £500
Median daily rate % change year-on-year -18.18% +10.00% -14.89%
10th Percentile £300 £388 £339
90th Percentile £688 £650 £653
England median daily rate £475 £550 £500
% change year-on-year -13.64% +10.00% -9.09%
Number of hourly rates quoted 0 0 0
London median hourly rate - - -
England median hourly rate - - £17.00

FATCA is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
London
Contract vacancies with a requirement for quality assurance or compliance skills 6137 5086 5489
As % of all contract IT jobs advertised in London 13.04% 11.32% 11.79%
Number of daily rates quoted 4382 3562 3810
London median daily rate £475 £458 £450
Median daily rate % change year-on-year +3.83% +1.67% +5.88%
10th Percentile £300 £271 £258
90th Percentile £675 £644 £625
England median daily rate £450 £425 £413
% change year-on-year +5.88% +3.03% +3.13%
Number of hourly rates quoted 75 65 65
London median hourly rate £20.00 £20.00 £21.50
Median hourly rate % change year-on-year - -6.98% +13.16%
10th Percentile £12.21 £12.35 £13.50
90th Percentile £48.80 £62.94 £72.75
England median hourly rate £20.00 £22.67 £21.64
% change year-on-year -11.77% +4.75% +10.97%

FATCA
Job Vacancy Trend in London

Job postings citing FATCA as a percentage of all IT jobs advertised in London.

Job vacancy trend for FATCA in London

FATCA
Contractor Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing FATCA in London.

Contractor daily rate trend for FATCA in London

FATCA
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing FATCA in London over the 6 months to 21 November 2017.

Contractor daily rate histogram for FATCA in London

FATCA
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing FATCA within the London region over the 6 months to 21 November 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Central London +2 3 £355 -27.55% 2
East London -3 3 £450 +13.92%
FATCA
England

For the 6 months to 21 November 2017, IT contractor jobs citing FATCA also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the London region with a requirement for FATCA.

1 15 (71.43%) MiFID
2 14 (66.67%) Banking
3 10 (47.62%) EMIR
4 9 (42.86%) Investment Banking
4 9 (42.86%) Finance
5 6 (28.57%) Business Analysis
5 6 (28.57%) Change Management
6 5 (23.81%) Management Information System
6 5 (23.81%) Risk Management
6 5 (23.81%) User Acceptance Testing
6 5 (23.81%) Test Scripting
6 5 (23.81%) Test Strategy
6 5 (23.81%) Regulatory Compliance
6 5 (23.81%) Acceptance Criteria
7 4 (19.05%) KYC
7 4 (19.05%) Project Management
8 3 (14.29%) XML
8 3 (14.29%) Unix
8 3 (14.29%) Linux
8 3 (14.29%) LAN
8 3 (14.29%) WAN
8 3 (14.29%) TCP/IP
8 3 (14.29%) Middleware
8 3 (14.29%) GAP Analysis
8 3 (14.29%) Analytical Skills
8 3 (14.29%) Stakeholder Engagement
8 3 (14.29%) AIFMD
8 3 (14.29%) Time Management
8 3 (14.29%) Use Case
8 3 (14.29%) Degree

FATCA
Co-occurring IT Skills in 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:

Applications
1 1 (4.76%) MS Visio
Communications & Networking
1 3 (14.29%) LAN
1 3 (14.29%) TCP/IP
1 3 (14.29%) WAN
Database & Business Intelligence
1 1 (4.76%) Relational Database
General
1 14 (66.67%) Banking
2 9 (42.86%) Finance
2 9 (42.86%) Investment Banking
3 2 (9.52%) Retail Banking
4 1 (4.76%) Advertising
4 1 (4.76%) Corporate Banking
4 1 (4.76%) Financial Institution
4 1 (4.76%) Front Office
4 1 (4.76%) Retail
Job Titles
1 13 (61.90%) Analyst
1 13 (61.90%) Business Analyst
2 8 (38.10%) MiFID Business Analyst
3 5 (23.81%) Project Manager
4 2 (9.52%) Banking Analyst
4 2 (9.52%) Finance Business Analyst
4 2 (9.52%) Financial Analyst
4 2 (9.52%) Financial Business Analyst
4 2 (9.52%) Financial Services Business Analyst
4 2 (9.52%) Regulatory Business Analyst
4 2 (9.52%) Service Analyst
5 1 (4.76%) Business Manager
5 1 (4.76%) Business Project Manager
5 1 (4.76%) Change Manager
5 1 (4.76%) Investment Banking Business Analyst
5 1 (4.76%) Programme Change Manager
5 1 (4.76%) Programme Manager
5 1 (4.76%) Project Analyst
5 1 (4.76%) Retail Banking Business Analyst
Libraries, Frameworks & Software Standards
1 3 (14.29%) Middleware
1 3 (14.29%) XML
Miscellaneous
1 5 (23.81%) Management Information System
2 3 (14.29%) Analytical Skills
3 1 (4.76%) Hedge funds
Operating Systems
1 3 (14.29%) Linux
1 3 (14.29%) Unix
Processes & Methodologies
1 6 (28.57%) Business Analysis
1 6 (28.57%) Change Management
2 5 (23.81%) Acceptance Criteria
2 5 (23.81%) Regulatory Compliance
2 5 (23.81%) Risk Management
2 5 (23.81%) Test Scripting
2 5 (23.81%) Test Strategy
2 5 (23.81%) User Acceptance Testing
3 4 (19.05%) KYC
3 4 (19.05%) Project Management
4 3 (14.29%) Change Control
4 3 (14.29%) GAP Analysis
4 3 (14.29%) Stakeholder Engagement
4 3 (14.29%) Time Management
4 3 (14.29%) Use Case
5 2 (9.52%) Anti-Money Laundering
6 1 (4.76%) Data Migration
6 1 (4.76%) Data Privacy
6 1 (4.76%) Stakeholder Analysis
6 1 (4.76%) Target Operating Model
Qualifications
1 3 (14.29%) Degree
Quality Assurance & Compliance
1 15 (71.43%) MiFID
2 10 (47.62%) EMIR
3 3 (14.29%) AIFMD
3 3 (14.29%) GDPR
3 3 (14.29%) IFRS
4 1 (4.76%) Dodd-Frank
4 1 (4.76%) PMO
4 1 (4.76%) PSD2
4 1 (4.76%) Solvency II