Period
to 16 January 2018

The following table provides summary statistics for contract job vacancies with a requirement for FINREP skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited FINREP over the 6 months to 16 January 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.

Financial Reporting (FINREP)
UK
6 months to
16 Jan 2018
Same period 2017 Same period 2016
Rank 863 845 874
Rank change year-on-year -18 +29 -52
Contract jobs citing FINREP 12 17 8
As % of all contract IT jobs advertised in the UK 0.012% 0.018% 0.007%
As % of the Quality Assurance & Compliance category 0.092% 0.15% 0.062%
Number of daily rates quoted 10 9 7
UK median daily rate £538 £525 £575
Median daily rate % change year-on-year +2.38% -8.70% +11.65%
10th Percentile £349 £363 £428
90th Percentile £633 £703 £656
UK excluding London median daily rate £343 £475 £575
% change year-on-year -27.89% -17.39% +11.65%
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

FINREP 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 13,040 11,108 12,808
As % of all contract IT jobs advertised in the UK 13.01% 11.50% 11.95%
Number of daily rates quoted 8,565 7,253 8,033
UK median daily rate £443 £425 £405
Median daily rate % change year-on-year +4.12% +4.94% +1.25%
10th Percentile £256 £228 £230
90th Percentile £638 £620 £588
UK excluding London median daily rate £400 £397 £388
% change year-on-year +0.82% +2.39% +6.90%
Number of hourly rates quoted 353 397 476
UK median hourly rate £21.00 £23.34 £25.00
Median hourly rate % change year-on-year -10.03% -6.64% +25.00%
10th Percentile £11.25 £10.59 £10.96
90th Percentile £50.78 £47.25 £53.97
UK excluding London median hourly rate £22.50 £25.00 £25.00
% change year-on-year -10.00% - +25.00%

FINREP
Job Vacancy Trend

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

Job vacancy trend for FINREP in the UK

FINREP
Contractor Daily Rate Trend

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

Contractor daily rate trend for FINREP in the UK

FINREP
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing FINREP over the 6 months to 16 January 2018.

Contractor daily rate histogram for FINREP in the UK

FINREP
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 FINREP within the UK over the 6 months to 16 January 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
England -9 11 £538 -10.42% 2
London -34 9 £569 -5.21% 2
UK excluding London -4 3 £343 -27.89%
South West +9 1 £350 -44.00%
Scotland -19 1 £335 -16.25%
Yorkshire - 1 - -
North of England - 1 - -

For the 6 months to 16 January 2018, IT contractor jobs citing FINREP 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 FINREP.

1 9 (75.00%) Finance
1 9 (75.00%) Banking
2 7 (58.33%) Stakeholder Management
2 7 (58.33%) Data Analysis
2 7 (58.33%) COREP
3 6 (50.00%) Business Analysis
4 5 (41.67%) Change Management
5 3 (25.00%) Project Management
5 3 (25.00%) SQL
5 3 (25.00%) QA
5 3 (25.00%) Credit Risk
5 3 (25.00%) System Testing
5 3 (25.00%) Analytical Skills
5 3 (25.00%) People Management
5 3 (25.00%) Target Operating Model
5 3 (25.00%) Data Enrichment
6 2 (16.67%) Analytics
6 2 (16.67%) Prototyping
6 2 (16.67%) Project Planning
6 2 (16.67%) Investment Banking
6 2 (16.67%) XML
6 2 (16.67%) Front Office
7 1 (8.33%) Agile Software Development
7 1 (8.33%) Data Modelling
7 1 (8.33%) Oracle
7 1 (8.33%) Retail
7 1 (8.33%) Validation
7 1 (8.33%) Migration
7 1 (8.33%) Waterfall
7 1 (8.33%) Process Improvement

FINREP
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:

General
1 9 (75.00%) Banking
1 9 (75.00%) Finance
2 2 (16.67%) Front Office
2 2 (16.67%) Investment Banking
3 1 (8.33%) Retail
3 1 (8.33%) Retail Finance
Job Titles
1 8 (66.67%) Analyst
2 7 (58.33%) Business Analyst
3 3 (25.00%) Finance Manager
3 3 (25.00%) Regulatory Business Analyst
3 3 (25.00%) Report Analyst
4 2 (16.67%) Business Data Analyst
4 2 (16.67%) Data Analyst
4 2 (16.67%) Data Business Analyst
4 2 (16.67%) Regulatory Reporting Business Analyst
5 1 (8.33%) Financial Analyst
5 1 (8.33%) Process Analyst
5 1 (8.33%) Programme Manager
5 1 (8.33%) Project Manager
5 1 (8.33%) Senior Manager
5 1 (8.33%) Senior Programme Manager
5 1 (8.33%) Senior Project Manager
Libraries, Frameworks & Software Standards
1 2 (16.67%) XML
Miscellaneous
1 3 (25.00%) Analytical Skills
1 3 (25.00%) Credit Risk
Processes & Methodologies
1 7 (58.33%) Data Analysis
1 7 (58.33%) Stakeholder Management
2 6 (50.00%) Business Analysis
3 5 (41.67%) Change Management
4 3 (25.00%) Data Enrichment
4 3 (25.00%) People Management
4 3 (25.00%) Project Management
4 3 (25.00%) System Testing
4 3 (25.00%) Target Operating Model
5 2 (16.67%) Analytics
5 2 (16.67%) Project Planning
5 2 (16.67%) Prototyping
6 1 (8.33%) Agile Software Development
6 1 (8.33%) Data Modelling
6 1 (8.33%) Migration
6 1 (8.33%) Process Improvement
6 1 (8.33%) Stress Testing
6 1 (8.33%) User Acceptance Testing
6 1 (8.33%) Validation
6 1 (8.33%) Waterfall
Programming Languages
1 3 (25.00%) SQL
Quality Assurance & Compliance
1 7 (58.33%) COREP
2 3 (25.00%) QA
3 1 (8.33%) CRD IV
3 1 (8.33%) Data Quality
3 1 (8.33%) IFRS
3 1 (8.33%) IFRS 9
Vendors
1 1 (8.33%) Oracle