Period
to 27 May 2018

The following table provides summary statistics for contract job vacancies with a requirement for IFRS 9 skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited IFRS 9 over the 6 months to 27 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.

IFRS 9 Financial Instruments
UK
6 months to
27 May 2018
Same period 2017 Same period 2016
Rank 835 728 803
Rank change year-on-year -107 +75 +36
Contract jobs citing IFRS 9 47 108 81
As % of all contract IT jobs advertised in the UK 0.047% 0.12% 0.077%
As % of the Quality Assurance & Compliance category 0.38% 1.02% 0.66%
Number of daily rates quoted 19 88 58
UK median daily rate £525 £475 £538
Median daily rate % change year-on-year +10.53% -11.63% +3.37%
10th Percentile £383 £378 £353
90th Percentile £613 £696 £733
UK excluding London median daily rate £416 £438 £475
% change year-on-year -4.86% -7.89% -8.65%
Number of hourly rates quoted 1 0 0
UK median hourly rate £40.00 - -
UK excluding London median hourly rate £40.00 - -

IFRS 9 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 12,514 10,581 12,181
As % of all contract IT jobs advertised in the UK 12.42% 11.62% 11.52%
Number of daily rates quoted 8,057 6,873 7,815
UK median daily rate £450 £433 £400
Median daily rate % change year-on-year +4.05% +8.13% -
10th Percentile £259 £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 363 362 413
UK median hourly rate £22.50 £22.70 £24.12
Median hourly rate % change year-on-year -0.88% -5.87% +20.02%
10th Percentile £11.67 £11.00 £11.25
90th Percentile £52.45 £53.63 £54.79
UK excluding London median hourly rate £22.67 £23.00 £26.75
% change year-on-year -1.42% -14.02% +32.52%

IFRS 9
Job Vacancy Trend

Job postings citing IFRS 9 as a percentage of all IT jobs advertised.

Job vacancy trend for IFRS 9 in the UK

IFRS 9
Contractor Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing IFRS 9.

Contractor daily rate trend for IFRS 9 in the UK

IFRS 9
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing IFRS 9 over the 6 months to 27 May 2018.

Contractor daily rate histogram for IFRS 9 in the UK

IFRS 9
Top 10 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing IFRS 9 within the UK over the 6 months to 27 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
England -100 44 £525 +10.53% 5
London -79 35 £550 +10.00% 4
UK excluding London -57 12 £416 -4.86% 2
North of England -19 6 £408 -0.61%
North West -14 4 £395 -3.66%
Scotland -34 3 - - 1
East of England +1 2 - - 1
Yorkshire -19 2 £500 +18.34%
East Midlands -6 1 £425 -12.37%
Midlands -20 1 £425 -12.37%

For the 6 months to 27 May 2018, IT contractor jobs citing IFRS 9 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 IFRS 9.

1 47 (100.00%) IFRS
2 33 (70.21%) Finance
3 27 (57.45%) Credit Risk
4 26 (55.32%) SAS
5 20 (42.55%) SQL
5 20 (42.55%) Banking
6 15 (31.91%) ETL
7 13 (27.66%) Oracle
7 13 (27.66%) Stress Testing
8 11 (23.40%) Retail Banking
8 11 (23.40%) Agile Software Development
8 11 (23.40%) Analytics
9 10 (21.28%) SQL Server Integration Services
9 10 (21.28%) Degree
10 9 (19.15%) Microsoft Excel
10 9 (19.15%) Business Analysis
11 8 (17.02%) User Acceptance Testing
11 8 (17.02%) Big Data
12 7 (14.89%) Regression Testing
12 7 (14.89%) Data Modelling
12 7 (14.89%) BusinessObjects
12 7 (14.89%) Visual Analytics
12 7 (14.89%) Data Structures
12 7 (14.89%) Wealth Management
12 7 (14.89%) Integration Testing
12 7 (14.89%) Private Banking
12 7 (14.89%) Software Testing
12 7 (14.89%) Data Analysis
12 7 (14.89%) Retail
12 7 (14.89%) System Integration Testing

IFRS 9
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 26 (55.32%) SAS
2 4 (8.51%) Confluence
3 1 (2.13%) IIS
Applications
1 9 (19.15%) Microsoft Excel
2 5 (10.64%) Microsoft Office
2 5 (10.64%) MS Visio
Cloud Services
1 4 (8.51%) IBM Blueworks
Database & Business Intelligence
1 10 (21.28%) SQL Server Integration Services
2 8 (17.02%) Big Data
3 7 (14.89%) BusinessObjects
3 7 (14.89%) SAS Visual Analytics
4 6 (12.77%) Data Warehouse
4 6 (12.77%) SQL Server
5 5 (10.64%) Base SAS
6 2 (4.26%) SAS Enterprise Guide
7 1 (2.13%) Enterprise Data Warehouse
7 1 (2.13%) OLAP
7 1 (2.13%) OLTP
7 1 (2.13%) SQL Server 2008
7 1 (2.13%) SQL Server Analysis Services
7 1 (2.13%) SQL Server Reporting Services
Development Applications
1 6 (12.77%) JIRA
General
1 33 (70.21%) Finance
2 20 (42.55%) Banking
3 11 (23.40%) Retail Banking
4 7 (14.89%) Private Banking
4 7 (14.89%) Retail
5 3 (6.38%) Investment Banking
6 2 (4.26%) Retail Finance
7 1 (2.13%) Billing
7 1 (2.13%) Financial Institution
7 1 (2.13%) Telecoms
Job Titles
1 26 (55.32%) Analyst
2 10 (21.28%) Data Analyst
3 9 (19.15%) Business Analyst
3 9 (19.15%) ETL Analyst
4 8 (17.02%) Credit Analyst
4 8 (17.02%) Developer
4 8 (17.02%) Test Analyst
5 7 (14.89%) Credit Risk Analyst
5 7 (14.89%) Financial Analyst
5 7 (14.89%) Risk Analyst
5 7 (14.89%) SAS Developer
5 7 (14.89%) SQL Analyst
6 6 (12.77%) Service Analyst
7 4 (8.51%) Big Data Analyst
7 4 (8.51%) Consultant
7 4 (8.51%) Risk Data Analyst
7 4 (8.51%) SQL Data Analyst
7 4 (8.51%) Test Data Analyst
8 3 (6.38%) Automation Test Analyst
8 3 (6.38%) SAS Consultant
Libraries, Frameworks & Software Standards
1 4 (8.51%) XML
1 4 (8.51%) XSD
2 1 (2.13%) .NET
Miscellaneous
1 27 (57.45%) Credit Risk
2 7 (14.89%) Data Structures
3 2 (4.26%) Analytical Skills
4 1 (2.13%) Management Information System
Operating Systems
1 1 (2.13%) Linux
1 1 (2.13%) Windows
Processes & Methodologies
1 15 (31.91%) ETL
2 13 (27.66%) Stress Testing
3 11 (23.40%) Agile Software Development
3 11 (23.40%) Analytics
4 9 (19.15%) Business Analysis
5 8 (17.02%) User Acceptance Testing
6 7 (14.89%) Data Analysis
6 7 (14.89%) Data Modelling
6 7 (14.89%) Integration Testing
6 7 (14.89%) Matrix Organization
6 7 (14.89%) Regression Testing
6 7 (14.89%) Scenario Testing
6 7 (14.89%) Software Testing
6 7 (14.89%) System Integration Testing
6 7 (14.89%) Visual Analytics
6 7 (14.89%) Wealth Management
7 6 (12.77%) Regulatory Compliance
7 6 (12.77%) Validation
8 5 (10.64%) Project Management
8 5 (10.64%) Risk Management
Programming Languages
1 20 (42.55%) SQL
2 6 (12.77%) C#
3 5 (10.64%) Java
3 5 (10.64%) MATLAB
3 5 (10.64%) R
3 5 (10.64%) VBA
4 1 (2.13%) T-SQL
4 1 (2.13%) VB.NET
4 1 (2.13%) VBScript
Qualifications
1 10 (21.28%) Degree
2 7 (14.89%) Numerate Degree
3 4 (8.51%) ACCA
4 2 (4.26%) CCA
5 1 (2.13%) CIMA
5 1 (2.13%) SAS Certification
5 1 (2.13%) Security Cleared
Quality Assurance & Compliance
1 47 (100.00%) IFRS
2 7 (14.89%) GDPR
3 6 (12.77%) Sarbanes-Oxley
4 3 (6.38%) Basel II
4 3 (6.38%) Data Quality
5 2 (4.26%) PSD2
6 1 (2.13%) PMO
Vendors
1 13 (27.66%) Oracle
2 4 (8.51%) Informatica
3 1 (2.13%) Microsoft