Period
to 22 November 2017

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 22 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.

IFRS 9 Financial Instruments
UK
6 months to
22 Nov 2017
Same period 2016 Same period 2015
Rank 815 806 858
Rank change year-on-year -9 +52 +8
Contract jobs citing IFRS 9 69 93 46
As % of all contract IT jobs advertised in the UK 0.067% 0.088% 0.041%
As % of the Quality Assurance & Compliance category 0.53% 0.78% 0.34%
Number of daily rates quoted 39 67 30
UK median daily rate £525 £500 £525
Median daily rate % change year-on-year +5.00% -4.76% +7.69%
10th Percentile £356 £413 £448
90th Percentile £750 £675 £643
UK excluding London median daily rate £430 £468 £575
% change year-on-year -8.02% -18.70% +17.95%
Number of hourly rates quoted 3 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 13142 11970 13354
As % of all contract IT jobs advertised in the UK 12.74% 11.35% 11.84%
Number of daily rates quoted 8585 7804 8430
UK median daily rate £438 £425 £405
Median daily rate % change year-on-year +2.94% +4.94% +1.25%
10th Percentile £256 £225 £228
90th Percentile £638 £600 £588
UK excluding London median daily rate £400 £390 £388
% change year-on-year +2.56% +0.65% +6.90%
Number of hourly rates quoted 385 421 473
UK median hourly rate £20.00 £23.50 £22.50
Median hourly rate % change year-on-year -14.89% +4.44% +16.88%
10th Percentile £11.49 £10.80 £11.54
90th Percentile £50.00 £47.00 £51.25
UK excluding London median hourly rate £20.00 £25.00 £22.00
% change year-on-year -20.00% +13.64% +12.82%

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 22 November 2017.

Contractor daily rate histogram for IFRS 9 in the UK

IFRS 9
Top 12 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 22 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 -3 68 £513 +2.50% 5
London -35 37 £650 +8.33% 3
UK excluding London +11 32 £430 -8.02% 3
North of England +74 13 £425 -10.53%
North West - 8 £424 -
South East +9 7 £363 -14.71% 2
South West -9 6 £550 +13.29%
Yorkshire +19 5 £550 +15.79%
East of England - 4 £575 -
Midlands +19 1 - -
East Midlands -5 1 - -
Scotland -13 1 £625 +25.00% 1

For the 6 months to 22 November 2017, IT contractor jobs citing IFRS 9 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 IFRS 9.

1 69 (100.00%) IFRS
2 42 (60.87%) Banking
3 38 (55.07%) SAS
3 38 (55.07%) Finance
4 16 (23.19%) Credit Risk
5 14 (20.29%) Stress Testing
6 13 (18.84%) SQL
6 13 (18.84%) Retail
7 11 (15.94%) Retail Banking
7 11 (15.94%) Stakeholder Management
7 11 (15.94%) Analytical Skills
8 10 (14.49%) Analytics
8 10 (14.49%) Project Management
8 10 (14.49%) SQL Server
9 9 (13.04%) Basel II
9 9 (13.04%) Degree
9 9 (13.04%) Mathematics
9 9 (13.04%) Base SAS
9 9 (13.04%) Numerate Degree
10 8 (11.59%) Credit Risk Modelling
11 7 (10.14%) Data Modelling
11 7 (10.14%) ETL
11 7 (10.14%) Test Scripting
11 7 (10.14%) Wealth Management
11 7 (10.14%) Investment Banking
11 7 (10.14%) GDPR
12 6 (8.70%) SAS Data Integration Studio
12 6 (8.70%) Retail Finance
12 6 (8.70%) Economics
12 6 (8.70%) Microsoft PowerPoint

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 38 (55.07%) SAS
2 3 (4.35%) Apache Spark
2 3 (4.35%) IIS
Applications
1 6 (8.70%) Microsoft Excel
1 6 (8.70%) Microsoft PowerPoint
1 6 (8.70%) MS Visio
2 2 (2.90%) Microsoft Project
Business Applications
1 2 (2.90%) SAP FI
Communications & Networking
1 4 (5.80%) SMS
Database & Business Intelligence
1 10 (14.49%) SQL Server
2 9 (13.04%) Base SAS
3 6 (8.70%) SAS Data Integration Studio
3 6 (8.70%) SQL Server Integration Services
4 5 (7.25%) Big Data
4 5 (7.25%) SAS Visual Analytics
5 4 (5.80%) Data Warehouse
5 4 (5.80%) SAS Enterprise Guide
6 3 (4.35%) Apache Hive
6 3 (4.35%) BusinessObjects
6 3 (4.35%) Hadoop
6 3 (4.35%) QlikView
7 2 (2.90%) SAS EBI
8 1 (1.45%) Data Lake
Development Applications
1 1 (1.45%) ProC
1 1 (1.45%) Talend Open Studio
General
1 42 (60.87%) Banking
2 38 (55.07%) Finance
3 13 (18.84%) Retail
4 11 (15.94%) Retail Banking
5 7 (10.14%) Investment Banking
6 6 (8.70%) Retail Finance
7 4 (5.80%) Private Banking
8 1 (1.45%) Corporate Banking
Job Titles
1 28 (40.58%) Analyst
2 14 (20.29%) Developer
2 14 (20.29%) SAS Developer
3 11 (15.94%) Project Manager
4 9 (13.04%) Business Analyst
5 8 (11.59%) SAS Analyst
5 8 (11.59%) Test Analyst
6 7 (10.14%) Banking Project Manager
6 7 (10.14%) Risk Analyst
7 6 (8.70%) Credit Analyst
7 6 (8.70%) Credit Risk Analyst
7 6 (8.70%) SAS Business Analyst
7 6 (8.70%) SQL Analyst
8 5 (7.25%) Banking Analyst
8 5 (7.25%) Consultant
9 4 (5.80%) Senior Analyst
10 3 (4.35%) Data Analyst
10 3 (4.35%) IT Project Manager
10 3 (4.35%) Senior Manager
10 3 (4.35%) Support Analyst
Miscellaneous
1 16 (23.19%) Credit Risk
2 11 (15.94%) Analytical Skills
3 3 (4.35%) Data Structures
Operating Systems
1 3 (4.35%) Linux
1 3 (4.35%) Windows
Processes & Methodologies
1 14 (20.29%) Stress Testing
2 11 (15.94%) Stakeholder Management
3 10 (14.49%) Analytics
3 10 (14.49%) Project Management
4 9 (13.04%) Mathematics
5 8 (11.59%) Credit Risk Modelling
6 7 (10.14%) Data Modelling
6 7 (10.14%) ETL
6 7 (10.14%) Test Scripting
6 7 (10.14%) Wealth Management
7 6 (8.70%) Agile Software Development
7 6 (8.70%) Economics
7 6 (8.70%) Functional Testing
7 6 (8.70%) Regression Testing
7 6 (8.70%) Risk Management
8 5 (7.25%) Visual Analytics
9 4 (5.80%) Asset Management
9 4 (5.80%) SDLC
9 4 (5.80%) Stakeholder Engagement
9 4 (5.80%) Target Operating Model
Programming Languages
1 13 (18.84%) SQL
2 6 (8.70%) C
3 3 (4.35%) C#
3 3 (4.35%) Java
3 3 (4.35%) Python
3 3 (4.35%) R
4 1 (1.45%) PROC SQL
4 1 (1.45%) SAS Macro
4 1 (1.45%) Scala
Qualifications
1 9 (13.04%) Degree
1 9 (13.04%) Numerate Degree
2 3 (4.35%) CCA
3 1 (1.45%) ISEB
Quality Assurance & Compliance
1 69 (100.00%) IFRS
2 9 (13.04%) Basel II
3 7 (10.14%) GDPR
4 6 (8.70%) Sarbanes-Oxley
5 5 (7.25%) Data Quality
6 3 (4.35%) PSD2
7 2 (2.90%) COREP
8 1 (1.45%) CRD IV
8 1 (1.45%) EMIR
8 1 (1.45%) FINREP
8 1 (1.45%) IAS 39
8 1 (1.45%) MiFID
8 1 (1.45%) PMO
8 1 (1.45%) Solvency II
Vendors
1 3 (4.35%) Oracle
1 3 (4.35%) SAP
2 1 (1.45%) Informatica
2 1 (1.45%) Tableau
2 1 (1.45%) Talend