Period
to 20 November 2017

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 6 months to 20 November 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
6 months to
20 Nov 2017
Same period 2016 Same period 2015
Rank 835 770 779
Rank change year-on-year -65 +9 +44
Contract jobs citing FATCA 44 118 107
As % of all contract IT jobs advertised in the UK 0.043% 0.11% 0.094%
As % of the Quality Assurance & Compliance category 0.34% 1.00% 0.79%
Number of daily rates quoted 34 82 69
UK median daily rate £463 £550 £475
Median daily rate % change year-on-year -15.91% +15.79% -13.64%
10th Percentile £300 £388 £338
90th Percentile £654 £649 £655
UK excluding London median daily rate £475 £475 £425
% change year-on-year - +11.76% -19.12%
Number of hourly rates quoted 0 0 1
UK median hourly rate - - £17.00
UK excluding London median hourly rate - - £17.00

FATCA 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 13016 11803 13537
As % of all contract IT jobs advertised in the UK 12.73% 11.35% 11.84%
Number of daily rates quoted 8498 7699 8557
UK median daily rate £438 £425 £405
Median daily rate % change year-on-year +2.94% +4.94% +1.25%
10th Percentile £256 £225 £230
90th Percentile £638 £600 £588
UK excluding London median daily rate £400 £393 £387
% change year-on-year +1.91% +1.55% +6.62%
Number of hourly rates quoted 378 417 479
UK median hourly rate £20.00 £23.50 £22.50
Median hourly rate % change year-on-year -14.89% +4.44% +18.42%
10th Percentile £11.25 £10.78 £11.45
90th Percentile £49.46 £47.10 £51.25
UK excluding London median hourly rate £20.00 £25.00 £22.00
% change year-on-year -20.00% +13.64% +12.82%

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 6 months to 20 November 2017.

Contractor daily rate histogram for FATCA in the UK

FATCA
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 FATCA within the UK over the 6 months to 20 November 2017. 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
England -61 26 £475 -13.64% 4
UK excluding London +42 22 £475 - 1
London -96 21 £450 -18.18% 3
Scotland 0 17 £425 -5.56%
West Midlands - 3 £500 - 1
Midlands - 3 £500 - 1
South East -1 2 £525 -2.33%

For the 6 months to 20 November 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 25 (56.82%) MiFID
2 24 (54.55%) Banking
3 23 (52.27%) Finance
4 13 (29.55%) Investment Banking
4 13 (29.55%) EMIR
5 10 (22.73%) GDPR
6 8 (18.18%) Migration
6 8 (18.18%) Stakeholder Management
6 8 (18.18%) Business Analysis
7 7 (15.91%) User Acceptance Testing
7 7 (15.91%) Change Management
7 7 (15.91%) Test Strategy
7 7 (15.91%) Solvency II
7 7 (15.91%) Analytical Skills
8 6 (13.64%) Acceptance Criteria
8 6 (13.64%) Management Information System
8 6 (13.64%) Risk Management
8 6 (13.64%) Test Scripting
8 6 (13.64%) Asset Management
9 5 (11.36%) Retail Banking
9 5 (11.36%) Project Management
9 5 (11.36%) Regulatory Compliance
9 5 (11.36%) Target Operating Model
9 5 (11.36%) KYC
10 4 (9.09%) Data Mapping
10 4 (9.09%) AIFMD
10 4 (9.09%) MS Visio
10 4 (9.09%) Front Office
10 4 (9.09%) Fixed Income
10 4 (9.09%) Equities

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 1 (2.27%) Apache Spark
Applications
1 4 (9.09%) MS Visio
2 3 (6.82%) Microsoft Excel
2 3 (6.82%) Microsoft PowerPoint
Communications & Networking
1 3 (6.82%) LAN
1 3 (6.82%) TCP/IP
1 3 (6.82%) WAN
Database & Business Intelligence
1 3 (6.82%) Data Warehouse
2 1 (2.27%) Big Data
2 1 (2.27%) Relational Database
Development Applications
1 1 (2.27%) JIRA
General
1 24 (54.55%) Banking
2 23 (52.27%) Finance
3 13 (29.55%) Investment Banking
4 5 (11.36%) Retail Banking
5 4 (9.09%) Front Office
6 3 (6.82%) Financial Institution
7 1 (2.27%) Advertising
7 1 (2.27%) Corporate Banking
7 1 (2.27%) Retail
Job Titles
1 25 (56.82%) Analyst
2 22 (50.00%) Business Analyst
3 11 (25.00%) MiFID Business Analyst
4 9 (20.45%) Project Manager
5 6 (13.64%) Regulatory Business Analyst
6 4 (9.09%) Test Manager
7 3 (6.82%) Asset Management Analyst
7 3 (6.82%) Asset Management Business Analyst
7 3 (6.82%) Data Business Analyst
7 3 (6.82%) Investment Management Business Analyst
7 3 (6.82%) Technical Analyst
8 2 (4.55%) Banking Analyst
8 2 (4.55%) Finance Business Analyst
8 2 (4.55%) Financial Analyst
8 2 (4.55%) Financial Business Analyst
8 2 (4.55%) Financial Services Business Analyst
8 2 (4.55%) Service Analyst
9 1 (2.27%) Business Manager
9 1 (2.27%) Investment Banking Business Analyst
9 1 (2.27%) Programme Manager
Libraries, Frameworks & Software Standards
1 3 (6.82%) Middleware
1 3 (6.82%) XML
Miscellaneous
1 7 (15.91%) Analytical Skills
2 6 (13.64%) Management Information System
3 4 (9.09%) Derivative
3 4 (9.09%) Equities
3 4 (9.09%) Fixed Income
4 1 (2.27%) Hedge funds
Operating Systems
1 3 (6.82%) Linux
1 3 (6.82%) Unix
Processes & Methodologies
1 8 (18.18%) Business Analysis
1 8 (18.18%) Migration
1 8 (18.18%) Stakeholder Management
2 7 (15.91%) Change Management
2 7 (15.91%) Test Strategy
2 7 (15.91%) User Acceptance Testing
3 6 (13.64%) Acceptance Criteria
3 6 (13.64%) Asset Management
3 6 (13.64%) Risk Management
3 6 (13.64%) Test Scripting
4 5 (11.36%) KYC
4 5 (11.36%) Project Management
4 5 (11.36%) Regulatory Compliance
4 5 (11.36%) Target Operating Model
5 4 (9.09%) Data Mapping
6 3 (6.82%) GAP Analysis
6 3 (6.82%) Test Management
6 3 (6.82%) Time Management
6 3 (6.82%) Use Case
6 3 (6.82%) Workflow
Programming Languages
1 1 (2.27%) Scala
Qualifications
1 3 (6.82%) Degree
Quality Assurance & Compliance
1 25 (56.82%) MiFID
2 13 (29.55%) EMIR
3 10 (22.73%) GDPR
4 7 (15.91%) Solvency II
5 4 (9.09%) AIFMD
6 3 (6.82%) IFRS
7 2 (4.55%) Dodd-Frank
7 2 (4.55%) PSD2
8 1 (2.27%) PMO
8 1 (2.27%) UCITS
Vendors
1 1 (2.27%) Google
1 1 (2.27%) LexisNexis