Period
to 22 May 2018

The following table provides summary statistics for contract job vacancies with a requirement for Basel III skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Basel III over the 6 months to 22 May 2018 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 III
UK
6 months to
22 May 2018
Same period 2017 Same period 2016
Rank 874 795 862
Rank change year-on-year -79 +67 -59
Contract jobs citing Basel III 9 31 38
As % of all contract IT jobs advertised in the UK 0.009% 0.034% 0.036%
As % of the Quality Assurance & Compliance category 0.072% 0.30% 0.31%
Number of daily rates quoted 6 21 31
UK median daily rate £675 £500 £493
Median daily rate % change year-on-year +35.00% +1.52% -4.37%
10th Percentile £485 £401 £400
90th Percentile £763 £725 £713
UK excluding London median daily rate - £425 £451
% change year-on-year - -5.66% -9.90%
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

Basel III 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 12,515 10,452 12,193
As % of all contract IT jobs advertised in the UK 12.43% 11.60% 11.55%
Number of daily rates quoted 8,065 6,798 7,807
UK median daily rate £450 £431 £400
Median daily rate % change year-on-year +4.35% +7.81% -
10th Percentile £258 £238 £228
90th Percentile £638 £625 £600
UK excluding London median daily rate £400 £395 £375
% change year-on-year +1.27% +5.33% -
Number of hourly rates quoted 361 355 415
UK median hourly rate £22.50 £22.50 £24.00
Median hourly rate % change year-on-year - -6.25% +17.07%
10th Percentile £11.66 £11.00 £11.04
90th Percentile £51.25 £53.25 £55.00
UK excluding London median hourly rate £22.50 £21.50 £25.50
% change year-on-year +4.65% -15.69% +22.89%

Basel III
Job Vacancy Trend

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

Job vacancy trend for Basel III in the UK

Basel III
Contractor Daily Rate Trend

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

Contractor daily rate trend for Basel III in the UK

Basel III
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Basel III over the 6 months to 22 May 2018.

Contractor daily rate histogram for Basel III in the UK

Basel III
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Basel III within the UK over the 6 months to 22 May 2018. 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
London -70 9 £675 +22.73% 1
England -86 9 £675 +22.73% 1

For the 6 months to 22 May 2018, IT contractor jobs citing Basel III 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 III.

1 9 (100.00%) Banking
2 6 (66.67%) Project Management
3 5 (55.56%) Finance
4 4 (44.44%) Risk Management
4 4 (44.44%) VBA
4 4 (44.44%) Derivative
4 4 (44.44%) MiFID
4 4 (44.44%) Credit Risk
4 4 (44.44%) Solvency II
4 4 (44.44%) EMIR
5 3 (33.33%) FATCA
5 3 (33.33%) Quantitative Research
5 3 (33.33%) Process Improvement
5 3 (33.33%) Hedge funds
5 3 (33.33%) Market Risk
5 3 (33.33%) COM
5 3 (33.33%) Linux
5 3 (33.33%) Python
5 3 (33.33%) C#
5 3 (33.33%) C++
5 3 (33.33%) Java
5 3 (33.33%) Microsoft
5 3 (33.33%) Murex
5 3 (33.33%) Calypso
5 3 (33.33%) Change Management
5 3 (33.33%) Management Information System
5 3 (33.33%) Front Office
5 3 (33.33%) Summit
5 3 (33.33%) Fixed Income
5 3 (33.33%) Sophis

Basel III
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:

Applications
1 1 (11.11%) MS Visio
Business Applications
1 3 (33.33%) Summit
Database & Business Intelligence
1 1 (11.11%) Big Data
1 1 (11.11%) Hadoop
1 1 (11.11%) Relational Database
General
1 9 (100.00%) Banking
2 5 (55.56%) Finance
3 3 (33.33%) Front Office
3 3 (33.33%) Investment Banking
Job Titles
1 3 (33.33%) C# Developer
1 3 (33.33%) C# Quant Developer
1 3 (33.33%) C++ Developer
1 3 (33.33%) C++ Quantitative Developer
1 3 (33.33%) C++/C# Developer
1 3 (33.33%) Developer
1 3 (33.33%) Quantitative Developer
1 3 (33.33%) Senior C# Developer
1 3 (33.33%) Senior C++ Developer
1 3 (33.33%) Senior C++ Quantitative Developer
1 3 (33.33%) Senior Developer
1 3 (33.33%) Senior Quantitative Developer
2 2 (22.22%) Analyst
2 2 (22.22%) Programme Manager
2 2 (22.22%) Project Manager
3 1 (11.11%) Business Analyst
3 1 (11.11%) Credit Risk Analyst
3 1 (11.11%) Data Analyst
3 1 (11.11%) IT Manager
3 1 (11.11%) Risk Analyst
Libraries, Frameworks & Software Standards
1 3 (33.33%) COM
2 1 (11.11%) XML
Miscellaneous
1 4 (44.44%) Credit Risk
1 4 (44.44%) Derivative
2 3 (33.33%) Fixed Income
2 3 (33.33%) Hedge funds
2 3 (33.33%) Management Information System
2 3 (33.33%) Market Risk
3 1 (11.11%) OTC Derivatives
Operating Systems
1 3 (33.33%) Linux
Processes & Methodologies
1 6 (66.67%) Project Management
2 4 (44.44%) Risk Management
3 3 (33.33%) Business Analysis
3 3 (33.33%) Change Management
3 3 (33.33%) Process Improvement
3 3 (33.33%) Quantitative Research
4 1 (11.11%) Black-Scholes
4 1 (11.11%) Cash Management
4 1 (11.11%) Credit Risk Management
4 1 (11.11%) Econometric Modelling
4 1 (11.11%) Enterprise Architecture
4 1 (11.11%) Monte Carlo Method
4 1 (11.11%) Stress Testing
4 1 (11.11%) Test Strategy
Programming Languages
1 4 (44.44%) VBA
2 3 (33.33%) C#
2 3 (33.33%) C++
2 3 (33.33%) Java
2 3 (33.33%) Python
3 1 (11.11%) SQL
Quality Assurance & Compliance
1 4 (44.44%) EMIR
1 4 (44.44%) MiFID
1 4 (44.44%) Solvency II
2 3 (33.33%) FATCA
3 2 (22.22%) CRD IV
Vendors
1 3 (33.33%) Calypso
1 3 (33.33%) Microsoft
1 3 (33.33%) Murex
1 3 (33.33%) Sophis