The following table provides summary statistics for contract job vacancies with a requirement for FATCA skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited FATCA over the 3 months to 28 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.

Foreign Account Tax Compliance Act (FATCA)
UK
3 months to
28 Jun 2017
Same period 2016 Same period 2015
Rank 588 607 575
Rank change year-on-year +19 -32  
Contract jobs citing FATCA 22 44 70
As % of all contract IT jobs advertised in the UK 0.047% 0.082% 0.13%
As % of the Quality Assurance & Compliance category 0.40% 0.71% 1.11%
Number of daily rates quoted 16 37 55
Median daily rate £449 £500 £450
Median daily rate % change year-on-year -10.30% +11.11%  
90% offered a daily rate of more than £288 £306 £342
10% offered a daily rate of more than £538 £658 £675
UK excluding London median daily rate £411 £475 £400
% change year-on-year -13.47% +18.75%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

FATCA 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 5495 6228 6328
As % of all contract IT job vacancies advertised in the UK 11.67% 11.56% 11.47%
Number of daily rates quoted 4302 4784 4911
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 £238 £240
10% offered a daily rate of more than £631 £600 £600
UK excluding London median daily rate £400 £380 £375
% change year-on-year +5.26% +1.33%  
Number of hourly rates quoted 242 268 231
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 £12.00 £12.15 £11.25
10% offered a hourly rate of more than £47.50 £48.75 £51.30
UK excluding London median hourly rate £25.00 £28.00 £21.55
% change year-on-year -10.71% +29.93%  

FATCA
Job Vacancy Trend

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

Job vacancy trend for FATCA in the UK

FATCA
Contractor Daily Rate Trend

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

Contractor daily rate trend for FATCA in the UK

FATCA
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing FATCA over the 3 months to 28 June 2017.

Contractor daily rate histogram for FATCA in the UK

FATCA
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 FATCA within the UK over the 3 months to 28 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 +7 14 £475 -5.00%
UK excluding London +36 11 £411 -13.47%
London -9 11 £475 -5.00%
Scotland - 8 £365 -
South East +20 2 £486 -9.58%
North of England +57 1 - -

For the 6 months to 28 June 2017, IT contractor jobs citing FATCA 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 FATCA.

1 30 (69.77%) Banking
2 28 (65.12%) Finance
3 22 (51.16%) MiFID
4 15 (34.88%) EMIR
5 10 (23.26%) Agile Software Development
6 9 (20.93%) Business Analysis
6 9 (20.93%) Degree
6 9 (20.93%) Change Management
6 9 (20.93%) SQL
7 8 (18.60%) HTML
7 8 (18.60%) Java
7 8 (18.60%) CSS
7 8 (18.60%) JUnit
7 8 (18.60%) XML
7 8 (18.60%) Unix
7 8 (18.60%) Linux
7 8 (18.60%) Investment Banking
7 8 (18.60%) TDD
7 8 (18.60%) Hibernate
7 8 (18.60%) Scrum
7 8 (18.60%) Git (software)
7 8 (18.60%) Mockito
7 8 (18.60%) Jenkins
8 7 (16.28%) Spock
8 7 (16.28%) Solace
8 7 (16.28%) Anti-Money Laundering
8 7 (16.28%) Regulatory Compliance
8 7 (16.28%) HTML5
8 7 (16.28%) BDD
8 7 (16.28%) Investment Management

FATCA
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 2 (4.65%) WebSphere
2 1 (2.33%) JBoss
Applications
1 2 (4.65%) MS Visio
2 1 (2.33%) Microsoft PowerPoint
Business Applications
1 1 (2.33%) Global One
1 1 (2.33%) Loan IQ
1 1 (2.33%) Temenos Globus
Communications & Networking
1 3 (6.98%) Internet
2 1 (2.33%) LDAP
Database & Business Intelligence
1 5 (11.63%) Redis
2 2 (4.65%) Data Warehouse
3 1 (2.33%) MySQL
3 1 (2.33%) Relational Database
Development Applications
1 8 (18.60%) Git (software)
1 8 (18.60%) Jenkins
1 8 (18.60%) JUnit
1 8 (18.60%) Mockito
2 7 (16.28%) JIRA
2 7 (16.28%) Maven
2 7 (16.28%) Spock
2 7 (16.28%) TeamCity
3 5 (11.63%) Gradle
General
1 30 (69.77%) Banking
2 28 (65.12%) Finance
3 8 (18.60%) Investment Banking
4 6 (13.95%) Retail
4 6 (13.95%) Retail Banking
5 3 (6.98%) Corporate Banking
6 2 (4.65%) Back Office
6 2 (4.65%) General Ledger
6 2 (4.65%) Private Banking
7 1 (2.33%) Advertising
7 1 (2.33%) Financial Institution
7 1 (2.33%) French Language
7 1 (2.33%) Front Office
7 1 (2.33%) German Language
7 1 (2.33%) Legal
Job Titles
1 19 (44.19%) Analyst
2 14 (32.56%) Business Analyst
3 10 (23.26%) MiFID Business Analyst
3 10 (23.26%) Project Manager
4 8 (18.60%) Developer
5 5 (11.63%) Web Developer
6 4 (9.30%) Senior Developer
6 4 (9.30%) Senior Web Developer
7 3 (6.98%) Banking Analyst
7 3 (6.98%) Java Developer
8 2 (4.65%) Banking Business Analyst
8 2 (4.65%) Data Analyst
8 2 (4.65%) Finance Business Analyst
8 2 (4.65%) Financial Analyst
8 2 (4.65%) Financial Business Analyst
8 2 (4.65%) Financial Services Business Analyst
8 2 (4.65%) MiFID Project Manager
8 2 (4.65%) Regulatory Business Analyst
8 2 (4.65%) Service Analyst
8 2 (4.65%) Test Manager
Libraries, Frameworks & Software Standards
1 8 (18.60%) CSS
1 8 (18.60%) Hibernate
1 8 (18.60%) HTML
1 8 (18.60%) XML
2 7 (16.28%) CSS3
2 7 (16.28%) Gherkin
2 7 (16.28%) HTML5
2 7 (16.28%) JDBC
2 7 (16.28%) JMS
2 7 (16.28%) jQuery
2 7 (16.28%) JSON
2 7 (16.28%) Node.js
2 7 (16.28%) REST
2 7 (16.28%) SOAP
2 7 (16.28%) Web Services
2 7 (16.28%) XSD
2 7 (16.28%) XSLT
3 5 (11.63%) Meteor
4 3 (6.98%) Spring
4 3 (6.98%) Spring MVC
Miscellaneous
1 7 (16.28%) Foreign Exchange (FX)
2 5 (11.63%) Management Information System
2 5 (11.63%) User Experience
3 2 (4.65%) Derivative
4 1 (2.33%) Credit Risk
4 1 (2.33%) Equities
4 1 (2.33%) Fixed Income
4 1 (2.33%) Hedge funds
4 1 (2.33%) Market Risk
4 1 (2.33%) Reference Data
Operating Systems
1 8 (18.60%) Linux
1 8 (18.60%) Unix
2 1 (2.33%) Mac OS X
Processes & Methodologies
1 10 (23.26%) Agile Software Development
2 9 (20.93%) Business Analysis
2 9 (20.93%) Change Management
3 8 (18.60%) Scrum
3 8 (18.60%) TDD
4 7 (16.28%) Anti-Money Laundering
4 7 (16.28%) BDD
4 7 (16.28%) Investment Management
4 7 (16.28%) Refactoring
4 7 (16.28%) Regulatory Compliance
4 7 (16.28%) User Acceptance Testing
5 6 (13.95%) Asset Management
5 6 (13.95%) KYC
5 6 (13.95%) Risk Management
5 6 (13.95%) Stakeholder Management
5 6 (13.95%) Web Development
6 5 (11.63%) Digital Transformation Programme
6 5 (11.63%) Stakeholder Engagement
6 5 (11.63%) Test Scripting
6 5 (11.63%) Test Strategy
Programming Languages
1 9 (20.93%) SQL
2 8 (18.60%) Java
3 7 (16.28%) JavaScript
3 7 (16.28%) Korn
3 7 (16.28%) Shell Script
3 7 (16.28%) XPath
4 5 (11.63%) ECMAScript
4 5 (11.63%) ES6
5 4 (9.30%) PL/SQL
6 1 (2.33%) C
Qualifications
1 9 (20.93%) Degree
2 3 (6.98%) ISEB
2 3 (6.98%) ISTQB
2 3 (6.98%) ISTQB Foundation Certification
3 2 (4.65%) ISEB Practitioner
Quality Assurance & Compliance
1 22 (51.16%) MiFID
2 15 (34.88%) EMIR
3 5 (11.63%) Dodd-Frank
4 1 (2.33%) AIFMD
4 1 (2.33%) Basel II
4 1 (2.33%) GDPR
4 1 (2.33%) IFRS
4 1 (2.33%) IFRS 9
4 1 (2.33%) PMO
4 1 (2.33%) QA
4 1 (2.33%) Solvency II
4 1 (2.33%) UCITS
Vendors
1 7 (16.28%) Solace
2 3 (6.98%) Oracle
3 1 (2.33%) Avaloq
3 1 (2.33%) Microsoft
3 1 (2.33%) Murex
3 1 (2.33%) Wallstreet Suite