Basel III Contracts

Basel III
UK

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 6 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
6 May 2024
Same period 2023 Same period 2022
Rank 563 695 858
Rank change year-on-year +132 +163 -171
Contract jobs citing Basel III 15 21 9
As % of all contract jobs advertised in the UK 0.035% 0.036% 0.010%
As % of the Quality Assurance & Compliance category 0.24% 0.27% 0.076%
Number of daily rates quoted 11 14 6
10th Percentile £410 £372 £580
25th Percentile £641 £506 £602
Median daily rate (50th Percentile) £700 £783 £632
Median % change year-on-year -10.54% +23.76% +53.27%
75th Percentile £775 £899 £771
90th Percentile £937 £966 £798
UK excluding London median daily rate £418 £375 -
% change year-on-year +11.33% - -

All Quality Assurance and Compliance Skills
UK

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.

Contract vacancies with a requirement for quality assurance or compliance skills 6,207 7,903 11,785
As % of all contract IT jobs advertised in the UK 14.30% 13.38% 13.28%
Number of daily rates quoted 3,942 5,432 8,083
10th Percentile £297 £280 £295
25th Percentile £400 £413 £404
Median daily rate (50th Percentile) £510 £525 £513
Median % change year-on-year -2.86% +2.44% +7.89%
75th Percentile £625 £638 £623
90th Percentile £750 £738 £713
UK excluding London median daily rate £487 £479 £450
% change year-on-year +1.62% +6.44% +5.88%
Number of hourly rates quoted 383 237 299
10th Percentile £10.95 £13.29 £12.02
25th Percentile £13.18 £18.50 £16.38
Median hourly rate £21.00 £35.00 £28.00
Median % change year-on-year -40.00% +25.00% +33.33%
75th Percentile £45.00 £60.00 £49.25
90th Percentile £67.50 £77.50 £66.20
UK excluding London median hourly rate £18.00 £32.50 £21.05
% change year-on-year -44.62% +54.39% -

Basel III
Job Vacancy Trend

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

Job vacancy trend for Basel III in the UK

Basel III
Contractor Daily Rate Trend

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

Daily rate trend for Basel III in the UK

Basel III
Daily Rate Histogram

Daily rate distribution for jobs citing Basel III over the 6 months to 6 May 2024.

Daily rate histogram for Basel III in the UK

Basel III
Top 5 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 6 May 2024. 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
England +105 13 £725 -12.12% 5
London +110 11 £725 -13.17% 4
Work from Home +128 3 £420 -36.39% 3
UK excluding London +58 2 £418 +11.33%
Scotland - 2 £418 -

Basel III
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 1 (6.67%) Microsoft Excel
Business Applications
1 2 (13.33%) Temenos Globus
Database & Business Intelligence
1 3 (20.00%) Data Mining
General
1 13 (86.67%) Finance
2 9 (60.00%) Banking
3 4 (26.67%) Financial Institution
3 4 (26.67%) Influencing Skills
3 4 (26.67%) Social Skills
4 3 (20.00%) Analytical Skills
5 2 (13.33%) Wholesale Banking
6 1 (6.67%) Investment Banking
Job Titles
1 7 (46.67%) Project Manager
2 5 (33.33%) Analyst
3 4 (26.67%) Business Analyst
4 2 (13.33%) Credit Analyst
4 2 (13.33%) Credit Risk Analyst
4 2 (13.33%) Credit Risk Business Analyst
4 2 (13.33%) IT Manager
4 2 (13.33%) IT Project Manager
4 2 (13.33%) Risk Analyst
4 2 (13.33%) Risk Business Analyst
5 1 (6.67%) Analytics Manager
5 1 (6.67%) Banking Analyst
5 1 (6.67%) Data Business Analyst
5 1 (6.67%) Finance Manager
5 1 (6.67%) Finance Project Manager
5 1 (6.67%) Functional Analyst
5 1 (6.67%) Investment Banking Business Analyst
5 1 (6.67%) Report Analyst
Miscellaneous
1 4 (26.67%) Credit Risk
2 2 (13.33%) Derivative
2 2 (13.33%) Equities
Processes & Methodologies
1 8 (53.33%) Project Management
2 5 (33.33%) Project Delivery
3 3 (20.00%) GAP Analysis
3 3 (20.00%) SDLC
4 2 (13.33%) Artificial Intelligence
4 2 (13.33%) Budget Management
4 2 (13.33%) Change Management
4 2 (13.33%) Contingency Planning
4 2 (13.33%) Data Analysis
4 2 (13.33%) Defect Management
4 2 (13.33%) Machine Learning
4 2 (13.33%) Project Governance
4 2 (13.33%) Project Planning
4 2 (13.33%) Risk Management
4 2 (13.33%) Statistics
4 2 (13.33%) Test Scripting
4 2 (13.33%) User Acceptance Testing
4 2 (13.33%) Workflow
5 1 (6.67%) Analytics
5 1 (6.67%) User Stories
Programming Languages
1 6 (40.00%) SQL
2 3 (20.00%) VBA
3 2 (13.33%) Java
4 1 (6.67%) Python
4 1 (6.67%) R
Qualifications
1 4 (26.67%) Degree
Quality Assurance & Compliance
1 5 (33.33%) IFRS
2 4 (26.67%) FINREP
3 3 (20.00%) COREP
4 2 (13.33%) Dodd-Frank
4 2 (13.33%) IFRS 9
4 2 (13.33%) PMO
4 2 (13.33%) QA
5 1 (6.67%) Basel II