Period
to 21 August 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 21 August 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
21 Aug 2018
Same period 2017 Same period 2016
Rank 862 786 827
Rank change year-on-year -76 +41 +35
Contract jobs citing IFRS 9 38 74 89
As % of all contract IT jobs advertised in the UK 0.037% 0.077% 0.082%
As % of the Quality Assurance & Compliance category 0.32% 0.65% 0.73%
Number of daily rates quoted 20 57 68
UK median daily rate £538 £475 £491
Median daily rate % change year-on-year +13.16% -3.16% -6.57%
10th Percentile £374 £356 £356
90th Percentile £675 £680 £620
UK excluding London median daily rate £420 £423 £465
% change year-on-year -0.59% -9.14% -11.00%
Number of hourly rates quoted 0 1 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 11,939 11,398 12,182
As % of all contract IT jobs advertised in the UK 11.69% 11.89% 11.23%
Number of daily rates quoted 7,576 7,382 7,877
UK median daily rate £450 £445 £413
Median daily rate % change year-on-year +1.12% +7.88% +3.13%
10th Percentile £255 £250 £225
90th Percentile £638 £638 £600
UK excluding London median daily rate £408 £393 £375
% change year-on-year +3.82% +4.67% -
Number of hourly rates quoted 383 371 428
UK median hourly rate £22.30 £22.50 £22.50
Median hourly rate % change year-on-year -0.89% - +4.47%
10th Percentile £11.13 £11.18 £10.75
90th Percentile £50.65 £50.00 £48.75
UK excluding London median hourly rate £20.17 £22.50 £22.75
% change year-on-year -10.36% -1.10% +5.69%

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 21 August 2018.

Contractor daily rate histogram for IFRS 9 in the UK

IFRS 9
Top 9 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 21 August 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 -42 35 £550 +15.79% 8
London -18 23 £563 -2.17% 3
UK excluding London -64 15 £420 -0.59% 6
North of England -25 9 £625 +52.44% 2
North East - 5 £650 -
North West -21 4 £401 -3.31%
East Midlands -8 3 £393 -16.04% 1
Midlands -16 3 £393 -12.78% 3
Scotland -34 3 £360 -28.00% 1

For the 6 months to 21 August 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 38 (100.00%) IFRS
2 31 (81.58%) Finance
3 22 (57.89%) SQL
4 21 (55.26%) SAS
4 21 (55.26%) Credit Risk
5 20 (52.63%) Banking
6 13 (34.21%) Degree
7 12 (31.58%) Analytics
7 12 (31.58%) ETL
8 10 (26.32%) Stress Testing
9 9 (23.68%) Retail Banking
9 9 (23.68%) Validation
9 9 (23.68%) Oracle
10 8 (21.05%) Stakeholder Management
10 8 (21.05%) Big Data
11 7 (18.42%) R
11 7 (18.42%) SQL Server Integration Services
11 7 (18.42%) Financial Institution
11 7 (18.42%) Python
12 6 (15.79%) SPSS
12 6 (15.79%) Statistics
12 6 (15.79%) Data Analysis
12 6 (15.79%) Mathematics
12 6 (15.79%) Physics
13 5 (13.16%) Computer Science
13 5 (13.16%) Wealth Management
13 5 (13.16%) User Acceptance Testing
13 5 (13.16%) Asset Management
13 5 (13.16%) Private Banking
13 5 (13.16%) JIRA

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 21 (55.26%) SAS
2 3 (7.89%) Confluence
3 1 (2.63%) GemFire
Applications
1 6 (15.79%) SPSS
2 4 (10.53%) Microsoft Excel
2 4 (10.53%) Microsoft Office
2 4 (10.53%) MS Visio
Business Applications
1 1 (2.63%) SAP FI-GL
Cloud Services
1 3 (7.89%) IBM Blueworks
Database & Business Intelligence
1 8 (21.05%) Big Data
2 7 (18.42%) SQL Server Integration Services
3 5 (13.16%) BusinessObjects
4 4 (10.53%) Data Warehouse
4 4 (10.53%) SAS Visual Analytics
5 3 (7.89%) SQL Server
6 1 (2.63%) InterSystems Cache
6 1 (2.63%) Oracle Database
6 1 (2.63%) Oracle Database 12c
6 1 (2.63%) SAS Enterprise Guide
Development Applications
1 5 (13.16%) JIRA
General
1 31 (81.58%) Finance
2 20 (52.63%) Banking
3 9 (23.68%) Retail Banking
4 7 (18.42%) Financial Institution
5 5 (13.16%) Private Banking
6 1 (2.63%) Retail
Job Titles
1 24 (63.16%) Analyst
2 10 (26.32%) Data Analyst
3 7 (18.42%) Business Analyst
3 7 (18.42%) ETL Analyst
3 7 (18.42%) Senior Analyst
4 6 (15.79%) Financial Analyst
4 6 (15.79%) Service Analyst
4 6 (15.79%) SQL Analyst
5 5 (13.16%) Credit Analyst
5 5 (13.16%) Developer
6 4 (10.53%) Credit Risk Analyst
6 4 (10.53%) Risk Analyst
6 4 (10.53%) SQL Data Analyst
6 4 (10.53%) Test Analyst
7 3 (7.89%) Risk Data Analyst
8 2 (5.26%) Big Data Analyst
8 2 (5.26%) Business Data Analyst
8 2 (5.26%) Credit Risk Modeller
8 2 (5.26%) Senior Quantitative Analyst
8 2 (5.26%) Senior Test Analyst
Libraries, Frameworks & Software Standards
1 4 (10.53%) XML
2 3 (7.89%) XSD
3 1 (2.63%) CORBA
3 1 (2.63%) J2EE
3 1 (2.63%) JavaBeans
3 1 (2.63%) REST
3 1 (2.63%) RESTful
3 1 (2.63%) SOAP
3 1 (2.63%) Spring
3 1 (2.63%) Web Services
Miscellaneous
1 21 (55.26%) Credit Risk
2 5 (13.16%) Computer Science
2 5 (13.16%) Data Structures
3 4 (10.53%) Analytical Skills
4 1 (2.63%) Management Information System
4 1 (2.63%) Market Risk
Processes & Methodologies
1 12 (31.58%) Analytics
1 12 (31.58%) ETL
2 10 (26.32%) Stress Testing
3 9 (23.68%) Validation
4 8 (21.05%) Stakeholder Management
5 6 (15.79%) Data Analysis
5 6 (15.79%) Mathematics
5 6 (15.79%) Physics
5 6 (15.79%) Statistics
6 5 (13.16%) Agile Software Development
6 5 (13.16%) Asset Management
6 5 (13.16%) Data Modelling
6 5 (13.16%) Financial Modelling
6 5 (13.16%) User Acceptance Testing
6 5 (13.16%) Wealth Management
7 4 (10.53%) Integration Testing
7 4 (10.53%) Machine Learning
7 4 (10.53%) Matrix Organization
7 4 (10.53%) System Integration Testing
7 4 (10.53%) Visual Analytics
Programming Languages
1 22 (57.89%) SQL
2 7 (18.42%) Python
2 7 (18.42%) R
3 3 (7.89%) C#
3 3 (7.89%) Java
4 1 (2.63%) C++
4 1 (2.63%) VBA
Qualifications
1 13 (34.21%) Degree
2 5 (13.16%) Master's Degree
3 4 (10.53%) Numerate Degree
4 2 (5.26%) ACCA
5 1 (2.63%) PhD
Quality Assurance & Compliance
1 38 (100.00%) IFRS
2 5 (13.16%) GDPR
3 3 (7.89%) Data Quality
4 2 (5.26%) Basel II
4 2 (5.26%) Sarbanes-Oxley
Vendors
1 9 (23.68%) Oracle
2 3 (7.89%) Informatica
3 1 (2.63%) SAP
3 1 (2.63%) Tableau