Period
to 24 April 2019

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 24 April 2019 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
24 Apr 2019
Same period 2018 Same period 2017
Rank 786 832 732
Rank change year-on-year +46 -100 +52
Contract jobs citing IFRS 9 60 49 103
As % of all contract IT jobs advertised in the UK 0.063% 0.048% 0.11%
As % of the Quality Assurance & Compliance category 0.60% 0.39% 0.97%
Number of daily rates quoted 49 16 81
UK median daily rate £600 £550 £500
Median daily rate % change year-on-year +9.09% +10.00% -
10th Percentile £463 £438 £388
90th Percentile £675 £613 £694
UK excluding London median daily rate £464 £500 £500
% change year-on-year -7.25% - +3.09%
Number of hourly rates quoted 0 3 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 9,943 12,533 10,585
As % of all contract IT jobs advertised in the UK 10.46% 12.40% 11.61%
Number of daily rates quoted 6,134 8,074 6,902
UK median daily rate £450 £450 £430
Median daily rate % change year-on-year - +4.65% +7.50%
10th Percentile £250 £260 £238
90th Percentile £638 £638 £625
UK excluding London median daily rate £425 £400 £400
% change year-on-year +6.25% - +6.67%
Number of hourly rates quoted 365 363 350
UK median hourly rate £21.50 £22.50 £22.48
Median hourly rate % change year-on-year -4.44% +0.11% -7.24%
10th Percentile £10.75 £12.25 £11.00
90th Percentile £50.00 £57.50 £53.83
UK excluding London median hourly rate £20.25 £24.56 £21.98
% change year-on-year -17.57% +11.76% -12.10%

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 24 April 2019.

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 24 April 2019. 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 +33 56 £600 +9.09% 5
London +41 48 £600 +9.09% 5
UK excluding London +5 11 £464 -7.25%
South West - 4 £440 -
Scotland +10 3 - -
North of England +18 2 £675 +35.00%
Yorkshire -3 2 £675 +35.00%
East Midlands +12 1 £700 +64.71%
Midlands +3 1 £700 +64.71%
South East - 1 £488 -

For the 6 months to 24 April 2019, 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 60 (100.00%) IFRS
2 55 (91.67%) Finance
3 53 (88.33%) Banking
4 36 (60.00%) Credit Risk
5 16 (26.67%) SQL
6 13 (21.67%) Retail Banking
7 12 (20.00%) Retail
8 8 (13.33%) Agile Software Development
8 8 (13.33%) SAS
9 7 (11.67%) ETL
9 7 (11.67%) Oracle
9 7 (11.67%) Visualisation
10 6 (10.00%) SQL Server Integration Services
10 6 (10.00%) Analytics
10 6 (10.00%) Performance Tuning
10 6 (10.00%) SQL Server
10 6 (10.00%) Web Services
10 6 (10.00%) XML
10 6 (10.00%) Data Warehouse
10 6 (10.00%) Microsoft
11 5 (8.33%) Risk Management
11 5 (8.33%) Business Intelligence
11 5 (8.33%) Kimball Methodology
11 5 (8.33%) Visual Analytics
11 5 (8.33%) Basel III
11 5 (8.33%) SAS Visual Analytics
12 4 (6.67%) Solvency II
12 4 (6.67%) Analytical Skills
12 4 (6.67%) CRD IV
12 4 (6.67%) Data Integration

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 8 (13.33%) SAS
Applications
1 3 (5.00%) Microsoft Excel
Database & Business Intelligence
1 6 (10.00%) Data Warehouse
1 6 (10.00%) SQL Server
1 6 (10.00%) SQL Server Integration Services
2 5 (8.33%) SAS Visual Analytics
3 3 (5.00%) Oracle Reports
3 3 (5.00%) Power BI
3 3 (5.00%) PowerPivot
3 3 (5.00%) RDBMS
3 3 (5.00%) Relational Database
3 3 (5.00%) SQL Server 2005
3 3 (5.00%) SQL Server 2008
3 3 (5.00%) SQL Server 2014
3 3 (5.00%) SQL Server 2016
4 1 (1.67%) Base SAS
4 1 (1.67%) Big Data
4 1 (1.67%) BusinessObjects
Development Applications
1 2 (3.33%) RStudio
General
1 55 (91.67%) Finance
2 53 (88.33%) Banking
3 13 (21.67%) Retail Banking
4 12 (20.00%) Retail
5 4 (6.67%) Investment Banking
6 3 (5.00%) Private Banking
6 3 (5.00%) Retail Finance
Job Titles
1 25 (41.67%) Analyst
2 21 (35.00%) Business Analyst
3 15 (25.00%) Project Manager
4 14 (23.33%) Credit Analyst
4 14 (23.33%) Credit Risk Analyst
4 14 (23.33%) Credit Risk Business Analyst
4 14 (23.33%) Risk Analyst
4 14 (23.33%) Risk Business Analyst
5 12 (20.00%) Developer
6 9 (15.00%) Credit Risk Manager
6 9 (15.00%) Credit Risk Project Manager
6 9 (15.00%) Risk Manager
6 9 (15.00%) Risk Project Manager
7 8 (13.33%) Change Manager
7 8 (13.33%) Change Project Manager
7 8 (13.33%) Project Change Manager
8 6 (10.00%) Banking Analyst
8 6 (10.00%) Banking Business Analyst
8 6 (10.00%) ETL Developer
9 5 (8.33%) Retail Banking Business Analyst
Libraries, Frameworks & Software Standards
1 6 (10.00%) Web Services
1 6 (10.00%) XML
2 4 (6.67%) .NET
3 3 (5.00%) JSON
Miscellaneous
1 36 (60.00%) Credit Risk
2 4 (6.67%) Analytical Skills
3 2 (3.33%) Self-Motivation
4 1 (1.67%) Data Structures
4 1 (1.67%) Market Risk
4 1 (1.67%) Virtual Team
Operating Systems
1 1 (1.67%) Unix
Processes & Methodologies
1 8 (13.33%) Agile Software Development
2 7 (11.67%) ETL
2 7 (11.67%) Visualisation
3 6 (10.00%) Analytics
3 6 (10.00%) Performance Tuning
4 5 (8.33%) Business Intelligence
4 5 (8.33%) Kimball Methodology
4 5 (8.33%) Risk Management
4 5 (8.33%) Visual Analytics
5 4 (6.67%) Data Integration
5 4 (6.67%) Data Modelling
6 3 (5.00%) Asset Management
6 3 (5.00%) Capacity Planning
6 3 (5.00%) Data Encryption
6 3 (5.00%) Stakeholder Management
6 3 (5.00%) Wealth Management
7 2 (3.33%) Data Architecture
7 2 (3.33%) Problem-Solving
7 2 (3.33%) Reverse Engineering
7 2 (3.33%) Validation
Programming Languages
1 16 (26.67%) SQL
2 4 (6.67%) VB.NET
3 3 (5.00%) PL/SQL
4 2 (3.33%) MATLAB
4 2 (3.33%) R
5 1 (1.67%) Bash Shell
5 1 (1.67%) C#
5 1 (1.67%) C++
5 1 (1.67%) Java
5 1 (1.67%) Korn
5 1 (1.67%) Perl
5 1 (1.67%) PowerShell
5 1 (1.67%) Ruby
Qualifications
1 1 (1.67%) ACCA
1 1 (1.67%) Degree
1 1 (1.67%) Numerate Degree
Quality Assurance & Compliance
1 60 (100.00%) IFRS
2 5 (8.33%) Basel III
3 4 (6.67%) CRD IV
3 4 (6.67%) Solvency II
4 3 (5.00%) Data Quality
4 3 (5.00%) GDPR
5 1 (1.67%) Basel II
5 1 (1.67%) IAS 39
5 1 (1.67%) QA
Vendors
1 7 (11.67%) Oracle
2 6 (10.00%) Microsoft
3 3 (5.00%) Informatica
4 1 (1.67%) Teradata