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 3 months to 27 June 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
3 months to
27 Jun 2017
Same period 2016 Same period 2015
Rank 592 643 622
Rank change year-on-year +51 -21  
Contract jobs citing Basel II 18 11 20
As % of all contract IT jobs advertised in the UK 0.038% 0.020% 0.036%
As % of the Quality Assurance & Compliance category 0.33% 0.18% 0.32%
Number of daily rates quoted 16 8 16
Median daily rate £375 £613 £490
Median daily rate % change year-on-year -38.77% +25.00%  
90% offered a daily rate of more than £356 £429 £376
10% offered a daily rate of more than £575 £675 £550
UK excluding London median daily rate £363 £463 £465
% change year-on-year -21.62% -0.53%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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

Contract Quality Assurance & Compliance Skills
UK
Contract job vacancies with a requirement for quality assurance and compliance skills 5509 6228 6331
As % of all contract IT job vacancies advertised in the UK 11.69% 11.54% 11.48%
Number of daily rates quoted 3542 4021 4086
Median daily rate £450 £415 £400
Median daily rate % change year-on-year +8.43% +3.75%  
90% offered a daily rate of more than £250 £250 £250
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £400 £380 £375
% change year-on-year +5.26% +1.33%  
Number of hourly rates quoted 186 217 197
Median hourly rate £25.06 £28.00 £22.00
Median hourly rate % change year-on-year -10.50% +27.27%  
90% offered a hourly rate of more than £12.42 £12.29 £12.35
10% offered a hourly rate of more than £47.00 £47.50 £51.30
UK excluding London median hourly rate £25.00 £28.00 £21.78
% change year-on-year -10.71% +28.58%  

Basel II
Job Vacancy Trend

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

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 3 months to 27 June 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 7 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 3 months to 27 June 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
England +29 18 £375 -38.77% 1
London +3 10 £375 -44.44% 1
South East - 7 £363 -
Berkshire - 7 £363 -
Reading - 6 £363 -
Manchester - 1 £425 -
North West - 1 £425 -

For the 6 months to 27 June 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 25 (86.21%) Finance
2 21 (72.41%) Banking
3 16 (55.17%) Risk Management
4 13 (44.83%) Microsoft Excel
4 13 (44.83%) MS Visio
4 13 (44.83%) Microsoft PowerPoint
5 12 (41.38%) Credit Risk
6 11 (37.93%) IFRS
6 11 (37.93%) IFRS 9
6 11 (37.93%) SAS
7 10 (34.48%) Project Management
7 10 (34.48%) SQL
7 10 (34.48%) Analytical Skills
7 10 (34.48%) Degree
8 9 (31.03%) Data Modelling
9 8 (27.59%) Retail
9 8 (27.59%) Retail Banking
10 7 (24.14%) Data Warehouse
10 7 (24.14%) SQL Server
11 6 (20.69%) Economics
11 6 (20.69%) Mathematics
11 6 (20.69%) Test Scripting
11 6 (20.69%) Credit Risk Modelling
11 6 (20.69%) Numerate Degree
12 5 (17.24%) Data Flow Diagram
12 5 (17.24%) Business Analysis
12 5 (17.24%) Regression Analysis
12 5 (17.24%) Data Protection
12 5 (17.24%) VBA
12 5 (17.24%) Oracle

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 11 (37.93%) SAS
Applications
1 13 (44.83%) Microsoft Excel
1 13 (44.83%) Microsoft PowerPoint
1 13 (44.83%) MS Visio
Communications & Networking
1 2 (6.90%) Network Security
Database & Business Intelligence
1 7 (24.14%) Data Warehouse
1 7 (24.14%) SQL Server
2 3 (10.34%) BusinessObjects
2 3 (10.34%) Relational Database
3 2 (6.90%) Data Mart
3 2 (6.90%) DB2
3 2 (6.90%) Informix
3 2 (6.90%) RDBMS
General
1 25 (86.21%) Finance
2 21 (72.41%) Banking
3 8 (27.59%) Retail
3 8 (27.59%) Retail Banking
4 2 (6.90%) Corporate Banking
4 2 (6.90%) Telecoms
5 1 (3.45%) Back Office
5 1 (3.45%) Electronics
5 1 (3.45%) Front Office
Job Titles
1 20 (68.97%) Analyst
2 11 (37.93%) Risk Analyst
3 9 (31.03%) Business Analyst
4 8 (27.59%) Test Analyst
5 7 (24.14%) Credit Analyst
5 7 (24.14%) Credit Risk Analyst
6 5 (17.24%) Risk Business Analyst
7 4 (13.79%) Senior Analyst
8 3 (10.34%) Business Intelligence Developer
8 3 (10.34%) Developer
8 3 (10.34%) Senior Business Analyst
9 2 (6.90%) Architect
9 2 (6.90%) Banking Analyst
9 2 (6.90%) Credit Risk Business Analyst
9 2 (6.90%) Pricing Analyst
9 2 (6.90%) Project Manager
9 2 (6.90%) Senior Pricing Analyst
9 2 (6.90%) Technical Architect
9 2 (6.90%) Teradata Architect
10 1 (3.45%) Market Analyst
Libraries, Frameworks & Software Standards
1 1 (3.45%) .NET
Miscellaneous
1 12 (41.38%) Credit Risk
2 10 (34.48%) Analytical Skills
3 4 (13.79%) Data Protection Act
3 4 (13.79%) Mainframe
4 3 (10.34%) Computer Science
4 3 (10.34%) Market Risk
4 3 (10.34%) Reference Data
5 2 (6.90%) Client/Server
6 1 (3.45%) PMI
6 1 (3.45%) SWIFT
Operating Systems
1 3 (10.34%) Unix
Processes & Methodologies
1 16 (55.17%) Risk Management
2 10 (34.48%) Project Management
3 9 (31.03%) Data Modelling
4 6 (20.69%) Credit Risk Modelling
4 6 (20.69%) Economics
4 6 (20.69%) Mathematics
4 6 (20.69%) Test Scripting
5 5 (17.24%) Business Analysis
5 5 (17.24%) Business Intelligence
5 5 (17.24%) Data Flow Diagram
5 5 (17.24%) Data Protection
5 5 (17.24%) Regression Analysis
6 4 (13.79%) GAP Analysis
6 4 (13.79%) Migration
6 4 (13.79%) Stakeholder Management
7 3 (10.34%) SDLC
7 3 (10.34%) Use Case
8 2 (6.90%) Continuous Improvement
8 2 (6.90%) Data Transformation
8 2 (6.90%) Technical Analysis
Programming Languages
1 10 (34.48%) SQL
2 5 (17.24%) VBA
3 3 (10.34%) PL/SQL
4 1 (3.45%) Shell Script
Qualifications
1 10 (34.48%) Degree
2 6 (20.69%) Numerate Degree
3 1 (3.45%) Computer Science Degree
3 1 (3.45%) ISEB
3 1 (3.45%) ISTQB
3 1 (3.45%) PMI Certification
3 1 (3.45%) PMP
Quality Assurance & Compliance
1 11 (37.93%) IFRS
1 11 (37.93%) IFRS 9
2 5 (17.24%) Sarbanes-Oxley
3 4 (13.79%) Basel III
3 4 (13.79%) Data Quality
4 1 (3.45%) COREP
4 1 (3.45%) CRD IV
4 1 (3.45%) Dodd-Frank
4 1 (3.45%) EMIR
4 1 (3.45%) FATCA
4 1 (3.45%) IAS 39
4 1 (3.45%) ISO 9000
Vendors
1 5 (17.24%) Oracle
2 3 (10.34%) Teradata
3 2 (6.90%) Cognos
3 2 (6.90%) IBM
3 2 (6.90%) Informatica
3 2 (6.90%) Netezza
3 2 (6.90%) SAP
3 2 (6.90%) Unisys
4 1 (3.45%) FIS