IFRS 9 Financial Instruments
UK

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

6 months to
27 Apr 2024
Same period 2023 Same period 2022
Rank 581 714 823
Rank change year-on-year +133 +109 -168
Contract jobs citing IFRS 9 17 5 26
As % of all contract jobs advertised in the UK 0.039% 0.008% 0.029%
As % of the Quality Assurance & Compliance category 0.27% 0.063% 0.22%
Number of daily rates quoted 11 2 13
10th Percentile £388 £558 £560
25th Percentile £563 £569 £600
Median daily rate (50th Percentile) £600 £600 £613
Median % change year-on-year - -2.04% +12.64%
75th Percentile - £644 £700
90th Percentile £675 £663 £821
UK excluding London median daily rate £600 - £613
% change year-on-year - - +19.51%

All Quality Assurance and Compliance Skills
UK

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.

Contract vacancies with a requirement for quality assurance or compliance skills 6,212 7,992 11,762
As % of all contract IT jobs advertised in the UK 14.35% 13.36% 13.24%
Number of daily rates quoted 3,921 5,491 8,030
10th Percentile £297 £275 £292
25th Percentile £405 £410 £403
Median daily rate (50th Percentile) £510 £525 £513
Median % change year-on-year -2.86% +2.44% +7.89%
75th Percentile £625 £638 £619
90th Percentile £750 £738 £706
UK excluding London median daily rate £488 £475 £450
% change year-on-year +2.63% +5.56% +5.88%
Number of hourly rates quoted 381 225 302
10th Percentile £10.95 £13.16 £11.75
25th Percentile £13.18 £18.50 £17.06
Median hourly rate £20.61 £37.50 £28.50
Median % change year-on-year -45.05% +31.58% +35.71%
75th Percentile £45.00 £62.00 £49.25
90th Percentile £67.38 £77.50 £67.32
UK excluding London median hourly rate £18.00 £35.00 £21.05
% change year-on-year -48.57% +66.27% +0.24%

IFRS 9
Job Vacancy Trend

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

Job vacancy trend for IFRS 9 in the UK

IFRS 9
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing IFRS 9.

Daily rate trend for IFRS 9 in the UK

IFRS 9
Daily Rate Histogram

Daily rate distribution for jobs citing IFRS 9 over the 6 months to 27 April 2024.

Daily rate histogram for IFRS 9 in the UK

IFRS 9
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 IFRS 9 within the UK over the 6 months to 27 April 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 +140 16 £600 - 11
UK excluding London +74 10 £600 - 4
Work from Home - 9 £600 - 1
South East - 9 £600 - 1
London +103 6 £675 +12.50% 7
Scotland - 1 £415 -

IFRS 9
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:

Application Platforms
1 8 (47.06%) SAS
2 1 (5.88%) WebSphere
Business Applications
1 1 (5.88%) Oracle FAH
1 1 (5.88%) Oracle General Ledger
Cloud Services
1 1 (5.88%) Azure
1 1 (5.88%) Dynamics 365
1 1 (5.88%) OCI
1 1 (5.88%) Power Platform
1 1 (5.88%) SaaS
Database & Business Intelligence
1 2 (11.76%) Data Warehouse
2 1 (5.88%) Oracle Database
2 1 (5.88%) Power BI
2 1 (5.88%) RDBMS
2 1 (5.88%) Relational Database
General
1 12 (70.59%) Finance
2 5 (29.41%) Banking
3 4 (23.53%) Retail
4 3 (17.65%) Analytical Skills
5 2 (11.76%) Public Sector
6 1 (5.88%) Corporate Banking
6 1 (5.88%) Investment Banking
6 1 (5.88%) Social Skills
Job Titles
1 5 (29.41%) Analyst
2 4 (23.53%) Data Modeller
2 4 (23.53%) Developer
2 4 (23.53%) Report Analyst
3 3 (17.65%) Business Analyst
3 3 (17.65%) SAS Modeller
4 2 (11.76%) Credit Risk Modeller
4 2 (11.76%) Finance Business Analyst
4 2 (11.76%) Financial Analyst
4 2 (11.76%) Financial Business Analyst
4 2 (11.76%) SAS Developer
5 1 (5.88%) Credit Risk Developer
5 1 (5.88%) Data Analyst
5 1 (5.88%) Database Developer
5 1 (5.88%) Enterprise Solutions Architect
5 1 (5.88%) Functional Analyst
5 1 (5.88%) Oracle Database Developer
5 1 (5.88%) Oracle Developer
5 1 (5.88%) Quantitative Developer
5 1 (5.88%) Risk Manager
Libraries, Frameworks & Software Standards
1 1 (5.88%) JSON
1 1 (5.88%) Middleware
1 1 (5.88%) XML
1 1 (5.88%) XML Messaging
1 1 (5.88%) XSD
Miscellaneous
1 10 (58.82%) Credit Risk
2 2 (11.76%) Derivative
2 2 (11.76%) Equities
3 1 (5.88%) Foreign Exchange (FX)
Processes & Methodologies
1 9 (52.94%) Stress Testing
2 8 (47.06%) Analytics
2 8 (47.06%) Data Modelling
3 6 (35.29%) Portfolio Management
4 5 (29.41%) Validation
5 3 (17.65%) Agile
5 3 (17.65%) Business Analysis
5 3 (17.65%) Internal Audit
5 3 (17.65%) Risk Management
6 2 (11.76%) Credit Risk Modelling
6 2 (11.76%) Epics
6 2 (11.76%) Regulatory Compliance
6 2 (11.76%) Requirements Analysis
6 2 (11.76%) User Stories
7 1 (5.88%) Business Analytics
7 1 (5.88%) Data Analysis
7 1 (5.88%) Logistic Regression
7 1 (5.88%) Monte Carlo Method
7 1 (5.88%) Stochastic Calculus
7 1 (5.88%) TOGAF
Programming Languages
1 6 (35.29%) SQL
2 1 (5.88%) Java
2 1 (5.88%) PL/SQL
2 1 (5.88%) XPath
Qualifications
1 2 (11.76%) SC Cleared
1 2 (11.76%) Security Cleared
2 1 (5.88%) Degree
2 1 (5.88%) TOGAF Certification
Quality Assurance & Compliance
1 17 (100.00%) IFRS
2 3 (17.65%) IFRS 17
3 2 (11.76%) Basel III
3 2 (11.76%) COREP
4 1 (5.88%) FINREP
4 1 (5.88%) QA
Vendors
1 1 (5.88%) IBM
1 1 (5.88%) Oracle