Period
to 20 November 2017

The following table provides summary statistics for contract job vacancies with a requirement for Basel II skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Basel II over the 6 months to 20 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.

Basel II
UK
6 months to
20 Nov 2017
Same period 2016 Same period 2015
Rank 852 872 834
Rank change year-on-year +20 -38 +1
Contract jobs citing Basel II 27 16 52
As % of all contract IT jobs advertised in the UK 0.026% 0.015% 0.045%
As % of the Quality Assurance & Compliance category 0.21% 0.14% 0.38%
Number of daily rates quoted 22 9 40
UK median daily rate £375 £463 £490
Median daily rate % change year-on-year -18.92% -5.61% -2.00%
10th Percentile £328 £365 £352
90th Percentile £609 £675 £639
UK excluding London median daily rate £363 £425 £462
% change year-on-year -14.71% -7.91% -7.70%
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

Basel II 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 with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
UK
Contract vacancies with a requirement for quality assurance or compliance skills 13016 11803 13537
As % of all contract IT jobs advertised in the UK 12.73% 11.35% 11.84%
Number of daily rates quoted 8498 7699 8557
UK median daily rate £438 £425 £405
Median daily rate % change year-on-year +2.94% +4.94% +1.25%
10th Percentile £256 £225 £230
90th Percentile £638 £600 £588
UK excluding London median daily rate £400 £393 £387
% change year-on-year +1.91% +1.55% +6.62%
Number of hourly rates quoted 378 417 479
UK median hourly rate £20.00 £23.50 £22.50
Median hourly rate % change year-on-year -14.89% +4.44% +18.42%
10th Percentile £11.25 £10.78 £11.45
90th Percentile £49.46 £47.10 £51.25
UK excluding London median hourly rate £20.00 £25.00 £22.00
% change year-on-year -20.00% +13.64% +12.82%

Basel II
Job Vacancy Trend

Job postings citing Basel II as a percentage of all IT jobs advertised.

Job vacancy trend for Basel II in the UK

Basel II
Contractor Daily Rate Trend

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

Contractor daily rate trend for Basel II in the UK

Basel II
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Basel II over the 6 months to 20 November 2017.

Contractor daily rate histogram for Basel II in the UK

Basel II
Contractor Hourly Rate Trend

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Basel II.

Contractor hourly rate trend for Basel II in the UK

Basel II
Top 9 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Basel II within the UK over the 6 months to 20 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
England +35 24 £375 -18.92% 3
London -10 15 £450 -25.00% 3
UK excluding London +42 12 £363 -14.71%
South East - 6 £363 -
North of England +61 3 £550 +37.50%
Yorkshire +16 2 £550 +37.50%
Scotland - 2 - -
Channel Islands - 1 £575 -
North West - 1 £425 -

For the 6 months to 20 November 2017, IT contractor jobs citing Basel II also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Basel II.

1 21 (77.78%) Finance
2 16 (59.26%) Banking
2 16 (59.26%) Risk Management
2 16 (59.26%) Microsoft Excel
2 16 (59.26%) Credit Risk
3 14 (51.85%) Microsoft PowerPoint
4 12 (44.44%) MS Visio
5 10 (37.04%) Market Risk
6 9 (33.33%) SQL
6 9 (33.33%) VBA
6 9 (33.33%) Analytical Skills
6 9 (33.33%) IFRS
6 9 (33.33%) IFRS 9
7 8 (29.63%) SQL Server
7 8 (29.63%) Stress Testing
7 8 (29.63%) Retail Banking
7 8 (29.63%) Degree
8 7 (25.93%) Economics
9 6 (22.22%) Project Management
9 6 (22.22%) Data Modelling
9 6 (22.22%) SAS
9 6 (22.22%) Test Scripting
9 6 (22.22%) Mathematics
9 6 (22.22%) Regression Analysis
9 6 (22.22%) Numerate Degree
9 6 (22.22%) Data Flow Diagram
9 6 (22.22%) Credit Risk Modelling
10 5 (18.52%) Data Quality
10 5 (18.52%) Business Analysis
10 5 (18.52%) SMS

Basel II
Co-occurring IT Skills 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 6 (22.22%) SAS
Applications
1 16 (59.26%) Microsoft Excel
2 14 (51.85%) Microsoft PowerPoint
3 12 (44.44%) MS Visio
Communications & Networking
1 5 (18.52%) SMS
Database & Business Intelligence
1 8 (29.63%) SQL Server
Development Applications
1 2 (7.41%) JIRA
General
1 21 (77.78%) Finance
2 16 (59.26%) Banking
3 8 (29.63%) Retail Banking
4 4 (14.81%) Financial Institution
4 4 (14.81%) Front Office
5 2 (7.41%) Law
6 1 (3.70%) Corporate Banking
6 1 (3.70%) Investment Banking
6 1 (3.70%) Retail
Job Titles
1 23 (85.19%) Analyst
2 15 (55.56%) Risk Analyst
3 14 (51.85%) Business Analyst
4 7 (25.93%) Credit Analyst
4 7 (25.93%) Credit Risk Analyst
5 6 (22.22%) Risk Business Analyst
6 5 (18.52%) Test Analyst
7 3 (11.11%) Testing Analyst
8 2 (7.41%) Credit Risk Business Analyst
8 2 (7.41%) GDPR Business Analyst
8 2 (7.41%) Project Manager
8 2 (7.41%) Regulatory Business Analyst
9 1 (3.70%) Business IT Analyst
9 1 (3.70%) Investment Banking Business Analyst
9 1 (3.70%) Report Analyst
9 1 (3.70%) Risk Manager
9 1 (3.70%) Senior Analyst
9 1 (3.70%) Senior Systems Analyst
9 1 (3.70%) Solutions Analyst
9 1 (3.70%) Systems Analyst
Miscellaneous
1 16 (59.26%) Credit Risk
2 10 (37.04%) Market Risk
3 9 (33.33%) Analytical Skills
4 3 (11.11%) Computer Science
5 2 (7.41%) Data Protection Act
5 2 (7.41%) Derivative
6 1 (3.70%) Management Information System
6 1 (3.70%) SWIFT
6 1 (3.70%) Virtual Team
Processes & Methodologies
1 16 (59.26%) Risk Management
2 8 (29.63%) Stress Testing
3 7 (25.93%) Economics
4 6 (22.22%) Credit Risk Modelling
4 6 (22.22%) Data Flow Diagram
4 6 (22.22%) Data Modelling
4 6 (22.22%) Mathematics
4 6 (22.22%) Project Management
4 6 (22.22%) Regression Analysis
4 6 (22.22%) Test Scripting
5 5 (18.52%) Business Analysis
6 3 (11.11%) Agile Software Development
6 3 (11.11%) Data Analysis
6 3 (11.11%) Migration
6 3 (11.11%) Regulatory Compliance
7 2 (7.41%) Data Governance
7 2 (7.41%) Data Protection
7 2 (7.41%) IT Strategy
7 2 (7.41%) PRINCE2
7 2 (7.41%) Translating Business Requirements
Programming Languages
1 9 (33.33%) SQL
1 9 (33.33%) VBA
2 2 (7.41%) PL/SQL
3 1 (3.70%) C
3 1 (3.70%) C#
Qualifications
1 8 (29.63%) Degree
2 6 (22.22%) Numerate Degree
Quality Assurance & Compliance
1 9 (33.33%) IFRS
1 9 (33.33%) IFRS 9
2 5 (18.52%) Data Quality
3 4 (14.81%) COREP
3 4 (14.81%) Solvency II
4 3 (11.11%) Basel III
4 3 (11.11%) GDPR
4 3 (11.11%) MiFID
4 3 (11.11%) Sarbanes-Oxley
5 2 (7.41%) CRD IV
5 2 (7.41%) Dodd-Frank
5 2 (7.41%) EMIR
6 1 (3.70%) IAS 39
6 1 (3.70%) PSD2
Vendors
1 2 (7.41%) Oracle
2 1 (3.70%) FIS