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 3 months to 23 March 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.

3 months to
23 Mar 2017
Same period 2016 Same period 2015
Foreign Account Tax Compliance Act (FATCA)
England / London
Rank 386 385 350
Rank change year-on-year -1 -35  
Contract jobs citing FATCA 16 34 59
As % of all contract IT jobs advertised in London 0.083% 0.15% 0.28%
As % of the Quality Assurance & Compliance category 0.68% 1.41% 2.56%
Number of daily rates quoted 13 27 44
Median daily rate £450 £500 £575
Median daily rate % change year-on-year -10.00% -13.04%  
90% offered a daily rate of more than £388 £325 £450
10% offered a daily rate of more than £600 £650 £700
UK excluding London median daily rate £450 £338 £419
% change year-on-year +33.33% -19.40%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

FATCA is in the quality assurance and compliance skills category. The next 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 and compliance skills.

Contract Quality Assurance & Compliance Skills
London
Contract job vacancies with a requirement for quality assurance and compliance skills 2349 2417 2301
As % of all contract IT job vacancies advertised in London 12.23% 10.99% 11.01%
Number of daily rates quoted 1656 1705 1612
Median daily rate £495 £450 £428
Median daily rate % change year-on-year +9.88% +5.26%  
90% offered a daily rate of more than £313 £285 £257
10% offered a daily rate of more than £650 £625 £600
UK excluding London median daily rate £400 £400 £382
% change year-on-year - +4.64%  
Number of hourly rates quoted 35 30 18
Median hourly rate £20.50 £22.06 £21.75
Median hourly rate % change year-on-year -7.06% +1.41%  
90% offered a hourly rate of more than £13.50 £13.75 £16.80
10% offered a hourly rate of more than £50.00 £34.45 £136.75
UK excluding London median hourly rate £19.45 £41.00 £26.00
% change year-on-year -52.56% +57.69%  

FATCA
Job Vacancy Trend in London

The job posting trend of jobs advertised in London citing FATCA as a proportion of all contract or permanent IT jobs with a match in the Quality Assurance & Compliance category.

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 3 months to 23 March 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 3 months to 23 March 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +7 4 £450 -10.00% 1
Canary Wharf -2 2 £450 -24.21%
FATCA
England

FATCA
Top 30 Related IT Skills in London

For the 6 months to 23 March 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 55 (68.75%) Banking
2 48 (60.00%) Finance
3 27 (33.75%) KYC
4 26 (32.50%) Scrum
4 26 (32.50%) Agile Software Development
5 24 (30.00%) Business Analysis
6 23 (28.75%) Investment Banking
6 23 (28.75%) Java
7 22 (27.50%) MiFID
8 21 (26.25%) Jenkins
9 20 (25.00%) Reference Data
9 20 (25.00%) Linux
9 20 (25.00%) Refactoring
10 19 (23.75%) Degree
10 19 (23.75%) jQuery
10 19 (23.75%) Korn
10 19 (23.75%) TDD
10 19 (23.75%) Unix
10 19 (23.75%) JMS
10 19 (23.75%) Shell Script
10 19 (23.75%) SOAP
10 19 (23.75%) Web Services
10 19 (23.75%) TeamCity
10 19 (23.75%) Git (software)
10 19 (23.75%) BDD
10 19 (23.75%) Node.js
10 19 (23.75%) REST
10 19 (23.75%) Solace
11 18 (22.50%) EMIR
11 18 (22.50%) Stakeholder Management

FATCA
Top Related 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:

Application Platforms
1 2 (2.50%) Apache Spark
1 2 (2.50%) WebSphere
Applications
1 2 (2.50%) MS PowerPoint
1 2 (2.50%) MS Visio
2 1 (1.25%) MS Excel
2 1 (1.25%) MS Project
Business Applications
1 1 (1.25%) Global One
1 1 (1.25%) Loan IQ
Communications & Networking
1 1 (1.25%) HTTP
1 1 (1.25%) Internet
Database & Business Intelligence
1 10 (12.50%) Big Data
2 9 (11.25%) MongoDB
3 5 (6.25%) Redis
4 2 (2.50%) Flink
4 2 (2.50%) Hadoop
4 2 (2.50%) NoSQL
4 2 (2.50%) RDBMS
4 2 (2.50%) Relational Database
4 2 (2.50%) SQL Server Integration Services
Development Applications
1 21 (26.25%) Jenkins
2 19 (23.75%) Git (software)
2 19 (23.75%) TeamCity
3 18 (22.50%) JIRA
3 18 (22.50%) Maven
4 17 (21.25%) JUnit
4 17 (21.25%) Mockito
4 17 (21.25%) Spock
5 13 (16.25%) Gradle
6 2 (2.50%) Selenium
6 2 (2.50%) Sonatype Nexus
General
1 55 (68.75%) Banking
2 48 (60.00%) Finance
3 23 (28.75%) Investment Banking
4 5 (6.25%) Back Office
4 5 (6.25%) Legal
4 5 (6.25%) Retail
5 3 (3.75%) Private Banking
6 2 (2.50%) Financial Institution
6 2 (2.50%) Front Office
6 2 (2.50%) Retail Banking
7 1 (1.25%) Advertising
7 1 (1.25%) French Language
7 1 (1.25%) German Language
Job Titles
1 21 (26.25%) Analyst
1 21 (26.25%) Business Analyst
2 19 (23.75%) Developer
3 17 (21.25%) Architect
4 14 (17.50%) Data Architect
5 13 (16.25%) Java Developer
6 11 (13.75%) Project Manager
7 9 (11.25%) Senior Developer
8 7 (8.75%) Data Business Analyst
8 7 (8.75%) Regulatory Business Analyst
8 7 (8.75%) UI Developer
9 5 (6.25%) Senior Analyst
9 5 (6.25%) Senior Business Analyst
9 5 (6.25%) Senior Java Developer
10 4 (5.00%) Consultant
10 4 (5.00%) Onboarding Analyst
10 4 (5.00%) Product Consultant
10 4 (5.00%) Senior UI Developer
10 4 (5.00%) Technical Leader
10 4 (5.00%) Web Developer
Libraries, Frameworks & Software Standards
1 19 (23.75%) JMS
1 19 (23.75%) jQuery
1 19 (23.75%) Node.js
1 19 (23.75%) REST
1 19 (23.75%) SOAP
1 19 (23.75%) Web Services
2 17 (21.25%) Gherkin
2 17 (21.25%) Hibernate
2 17 (21.25%) JDBC
3 16 (20.00%) HTML
3 16 (20.00%) Spring
4 15 (18.75%) CSS
4 15 (18.75%) CSS3
4 15 (18.75%) HTML5
5 14 (17.50%) AngularJS
5 14 (17.50%) JSON
5 14 (17.50%) XML
5 14 (17.50%) XSD
5 14 (17.50%) XSLT
6 13 (16.25%) Meteor
Miscellaneous
1 20 (25.00%) Reference Data
2 13 (16.25%) Foreign Exchange (FX)
3 12 (15.00%) User Experience
4 5 (6.25%) Derivative
4 5 (6.25%) Fintech
5 2 (2.50%) Analytical Skills
5 2 (2.50%) Equities
5 2 (2.50%) Fixed Income
6 1 (1.25%) Credit Risk
6 1 (1.25%) Hedge funds
6 1 (1.25%) Management Information System
6 1 (1.25%) Market Risk
6 1 (1.25%) SWIFT
Operating Systems
1 20 (25.00%) Linux
2 19 (23.75%) Unix
3 1 (1.25%) Red Hat Enterprise Linux
Processes & Methodologies
1 27 (33.75%) KYC
2 26 (32.50%) Agile Software Development
2 26 (32.50%) Scrum
3 24 (30.00%) Business Analysis
4 20 (25.00%) Refactoring
5 19 (23.75%) BDD
5 19 (23.75%) TDD
6 18 (22.50%) Stakeholder Management
7 16 (20.00%) Data Modelling
8 13 (16.25%) Client Onboarding
9 12 (15.00%) Analytics
10 11 (13.75%) Project Management
11 10 (12.50%) Data Architecture
11 10 (12.50%) Data Governance
12 9 (11.25%) Anti-Money Laundering
12 9 (11.25%) Target Operating Model
13 8 (10.00%) Data Management
13 8 (10.00%) Regulatory Compliance
14 7 (8.75%) Investment Management
14 7 (8.75%) SDLC
Programming Languages
1 23 (28.75%) Java
2 19 (23.75%) Korn
2 19 (23.75%) Shell Script
3 18 (22.50%) SQL
4 17 (21.25%) JavaScript
5 14 (17.50%) XPath
6 5 (6.25%) ECMAScript
6 5 (6.25%) ES6
7 3 (3.75%) PL/SQL
8 1 (1.25%) Bash Shell
8 1 (1.25%) C
8 1 (1.25%) Python
8 1 (1.25%) Ruby
Qualifications
1 19 (23.75%) Degree
Quality Assurance & Compliance
1 22 (27.50%) MiFID
2 18 (22.50%) EMIR
3 14 (17.50%) Dodd-Frank
4 1 (1.25%) AIFMD
4 1 (1.25%) PMO
4 1 (1.25%) QA
4 1 (1.25%) SEPA
System Software
1 2 (2.50%) Docker
Systems Management
1 1 (1.25%) Ansible
1 1 (1.25%) Puppet
Vendors
1 19 (23.75%) Solace
2 10 (12.50%) MuleSoft
3 3 (3.75%) Oracle
4 2 (2.50%) Black Duck
5 1 (1.25%) Microsoft
5 1 (1.25%) Murex
5 1 (1.25%) Red Hat
5 1 (1.25%) Wallstreet Suite