Period
to 26 January 2022

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 26 January 2022 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
26 Jan 2022
Same period 2021 Same period 2020
Rank 818 610 761
Rank change year-on-year -208 +151 +128
Contract jobs citing Basel II 19 5 7
As % of all contract jobs advertised in the UK 0.022% 0.012% 0.010%
As % of the Quality Assurance & Compliance category 0.17% 0.097% 0.089%
Number of daily rates quoted 18 3 6
10th Percentile - £318 £406
25th Percentile - £333 £413
Median daily rate (50th Percentile) £600 £365 £425
Median % change year-on-year +64.38% -14.12% -23.94%
75th Percentile £678 £446 £522
90th Percentile £779 £490 £550
UK excluding London median daily rate £813 - -

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 11,473 5,131 7,896
As % of all contract IT jobs advertised in the UK 13.06% 12.14% 11.11%
Number of daily rates quoted 7,804 3,385 5,030
10th Percentile £275 £263 £240
25th Percentile £400 £363 £350
Median daily rate (50th Percentile) £500 £475 £450
Median % change year-on-year +5.26% +5.56% -
75th Percentile £600 £575 £550
90th Percentile £700 £650 £630
UK excluding London median daily rate £450 £450 £420
% change year-on-year - +7.14% -1.18%
Number of hourly rates quoted 277 230 299
10th Percentile £11.12 £10.80 £12.50
25th Percentile £14.13 £14.00 £16.25
Median hourly rate £23.00 £21.05 £21.00
Median % change year-on-year +9.26% +0.24% +3.73%
75th Percentile £49.25 £41.88 £47.50
90th Percentile £58.75 £52.50 £53.00
UK excluding London median hourly rate £18.50 £21.05 £21.42
% change year-on-year -12.11% -1.70% +5.78%

Basel II
Job Vacancy Trend

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

Job vacancy trend for Basel II in the UK

Basel II
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Basel II.

Daily rate trend for Basel II in the UK

Basel II
Daily Rate Histogram

Daily rate distribution for jobs citing Basel II over the 6 months to 26 January 2022.

Daily rate histogram for Basel II in the UK

Basel II
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Basel II.

Hourly rate trend for Basel II in the UK

Basel II
Top 6 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 26 January 2022. 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
Jobs
Work from Home - 16 £600 -
England -205 9 £688 +88.36%
London -177 5 £650 +78.08%
Midlands - 4 £813 -
West Midlands - 4 £813 -
UK excluding London - 4 £813 -

For the 6 months to 26 January 2022, IT contractor jobs citing Basel II also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads with a requirement for Basel II.

1 18 (94.74%) Finance
2 15 (78.95%) Python
2 15 (78.95%) SQL
3 14 (73.68%) Banking
3 14 (73.68%) Stress Testing
3 14 (73.68%) IFRS
3 14 (73.68%) IFRS 9
4 11 (57.89%) Analytics
5 10 (52.63%) Digital Banking
5 10 (52.63%) Credit Risk
5 10 (52.63%) SAS
6 4 (21.05%) Risk Management
6 4 (21.05%) Data Modelling
6 4 (21.05%) Java
6 4 (21.05%) SaaS
6 4 (21.05%) Relational Database
7 3 (15.79%) Docker
7 3 (15.79%) OpenShift
7 3 (15.79%) Microservices
7 3 (15.79%) GCP
7 3 (15.79%) Jenkins
7 3 (15.79%) AWS
7 3 (15.79%) TeamCity
7 3 (15.79%) Scala
7 3 (15.79%) Social Skills
7 3 (15.79%) Kubernetes
7 3 (15.79%) Spring Boot
7 3 (15.79%) SDLC
7 3 (15.79%) UML
7 3 (15.79%) Financial Institution

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 10 (52.63%) SAS
2 1 (5.26%) Apache Airflow
Cloud Services
1 4 (21.05%) SaaS
2 3 (15.79%) AWS
2 3 (15.79%) GCP
2 3 (15.79%) OpenShift
3 1 (5.26%) Power Platform
Database & Business Intelligence
1 4 (21.05%) Relational Database
2 1 (5.26%) KNIME
2 1 (5.26%) Looker
2 1 (5.26%) Power BI
2 1 (5.26%) Tableau
Development Applications
1 3 (15.79%) Jenkins
1 3 (15.79%) Maven
1 3 (15.79%) TeamCity
General
1 18 (94.74%) Finance
2 14 (73.68%) Banking
3 3 (15.79%) Financial Institution
3 3 (15.79%) Social Skills
4 1 (5.26%) Investment Banking
Job Titles
1 8 (42.11%) Analyst
2 7 (36.84%) Testing Analyst
3 6 (31.58%) Testing Manager
4 2 (10.53%) Java Engineer
4 2 (10.53%) Senior Java Engineer
5 1 (5.26%) Data Scientist
5 1 (5.26%) Developer
5 1 (5.26%) Java Developer
5 1 (5.26%) Operational Risk Manager
5 1 (5.26%) Risk Manager
5 1 (5.26%) Senior Analyst
5 1 (5.26%) Test Analyst
Libraries, Frameworks & Software Standards
1 3 (15.79%) Spring
1 3 (15.79%) Spring Boot
Miscellaneous
1 10 (52.63%) Credit Risk
2 3 (15.79%) Market Risk
3 1 (5.26%) Derivative
3 1 (5.26%) Equities
3 1 (5.26%) Fixed Income
3 1 (5.26%) Taxonomies
Processes & Methodologies
1 14 (73.68%) Stress Testing
2 11 (57.89%) Analytics
3 10 (52.63%) Digital Banking
4 4 (21.05%) Data Modelling
4 4 (21.05%) Risk Management
5 3 (15.79%) Microservices
5 3 (15.79%) SDLC
5 3 (15.79%) UML
6 1 (5.26%) Business Intelligence
6 1 (5.26%) Data Analytics
6 1 (5.26%) Data Cleansing
6 1 (5.26%) Data Enrichment
6 1 (5.26%) Data Science
6 1 (5.26%) Data Visualisation
6 1 (5.26%) Logical Data Model
6 1 (5.26%) Physical Data Model
6 1 (5.26%) Probability Theory
6 1 (5.26%) Stochastic Calculus
6 1 (5.26%) Visualisation
Programming Languages
1 15 (78.95%) Python
1 15 (78.95%) SQL
2 4 (21.05%) Java
3 3 (15.79%) Scala
4 1 (5.26%) C++
4 1 (5.26%) R
Qualifications
1 1 (5.26%) MBA
Quality Assurance & Compliance
1 14 (73.68%) IFRS
1 14 (73.68%) IFRS 9
System Software
1 3 (15.79%) Docker
Systems Management
1 3 (15.79%) Kubernetes
Vendors
1 1 (5.26%) Alteryx
1 1 (5.26%) Bloomberg