Period
to 20 February 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 20 February 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
20 Feb 2018
Same period 2017 Same period 2016
Rank 800 739 798
Rank change year-on-year -61 +59 +62
Contract jobs citing IFRS 9 69 104 81
As % of all contract IT jobs advertised in the UK 0.068% 0.11% 0.076%
As % of the Quality Assurance & Compliance category 0.52% 0.94% 0.63%
Number of daily rates quoted 29 81 48
UK median daily rate £550 £500 £500
Median daily rate % change year-on-year +10.00% - -
10th Percentile £401 £388 £421
90th Percentile £730 £694 £733
UK excluding London median daily rate £500 £500 £450
% change year-on-year - +11.11% -10.00%
Number of hourly rates quoted 4 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 13,155 11,088 12,776
As % of all contract IT jobs advertised in the UK 12.95% 11.64% 11.93%
Number of daily rates quoted 8,606 7,261 8,003
UK median daily rate £450 £425 £400
Median daily rate % change year-on-year +5.88% +6.25% -
10th Percentile £259 £225 £230
90th Percentile £630 £625 £588
UK excluding London median daily rate £400 £400 £375
% change year-on-year - +6.67% +2.30%
Number of hourly rates quoted 367 385 454
UK median hourly rate £21.79 £21.50 £25.00
Median hourly rate % change year-on-year +1.35% -14.00% +19.05%
10th Percentile £11.71 £10.93 £11.36
90th Percentile £57.50 £48.75 £52.50
UK excluding London median hourly rate £24.00 £22.45 £25.50
% change year-on-year +6.90% -11.96% +27.50%

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 20 February 2018.

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 20 February 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 -75 68 £550 +10.00% 11
London -36 45 £600 +20.00% 9
UK excluding London -34 24 £500 - 4
North of England +34 8 £500 -4.76% 1
East of England -7 6 £575 +15.00%
South West 0 5 £575 +19.79%
Yorkshire -6 4 £525 - 1
North West - 4 £450 -
South East -25 3 £363 -14.71%
Midlands -1 1 - - 1
East Midlands -2 1 - -
Scotland -17 1 - - 2

For the 6 months to 20 February 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 69 (100.00%) IFRS
2 41 (59.42%) SAS
3 34 (49.28%) Finance
3 34 (49.28%) Banking
4 23 (33.33%) Credit Risk
5 21 (30.43%) Stress Testing
6 18 (26.09%) SQL
7 17 (24.64%) Retail
8 14 (20.29%) Base SAS
9 12 (17.39%) Agile Software Development
10 11 (15.94%) Project Management
10 11 (15.94%) Retail Banking
10 11 (15.94%) Analytics
11 10 (14.49%) GDPR
11 10 (14.49%) ETL
12 9 (13.04%) Wealth Management
12 9 (13.04%) Degree
12 9 (13.04%) Big Data
13 8 (11.59%) Visual Analytics
13 8 (11.59%) SAS Visual Analytics
13 8 (11.59%) Credit Risk Modelling
13 8 (11.59%) Numerate Degree
13 8 (11.59%) SQL Server Integration Services
13 8 (11.59%) Sarbanes-Oxley
13 8 (11.59%) SQL Server
14 7 (10.14%) Oracle
14 7 (10.14%) C#
14 7 (10.14%) Microsoft Excel
14 7 (10.14%) Validation
14 7 (10.14%) Risk Management

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 41 (59.42%) SAS
2 4 (5.80%) IIS
3 3 (4.35%) Apache Spark
Applications
1 7 (10.14%) Microsoft Excel
2 2 (2.90%) Microsoft PowerPoint
2 2 (2.90%) Microsoft Project
2 2 (2.90%) MS Visio
Communications & Networking
1 2 (2.90%) SMS
Database & Business Intelligence
1 14 (20.29%) Base SAS
2 9 (13.04%) Big Data
3 8 (11.59%) SAS Visual Analytics
3 8 (11.59%) SQL Server
3 8 (11.59%) SQL Server Integration Services
4 6 (8.70%) BusinessObjects
5 5 (7.25%) SAS Enterprise Guide
6 4 (5.80%) Data Warehouse
6 4 (5.80%) SAS Data Integration Studio
7 3 (4.35%) Apache Hive
7 3 (4.35%) Hadoop
7 3 (4.35%) QlikView
8 2 (2.90%) SAS EBI
9 1 (1.45%) Data Lake
9 1 (1.45%) Enterprise Data Warehouse
9 1 (1.45%) OLAP
9 1 (1.45%) OLTP
9 1 (1.45%) SQL Server 2008
9 1 (1.45%) SQL Server Analysis Services
9 1 (1.45%) SQL Server Reporting Services
Development Applications
1 1 (1.45%) ProC
General
1 34 (49.28%) Banking
1 34 (49.28%) Finance
2 17 (24.64%) Retail
3 11 (15.94%) Retail Banking
4 7 (10.14%) Investment Banking
4 7 (10.14%) Retail Finance
5 6 (8.70%) Private Banking
6 1 (1.45%) Billing
6 1 (1.45%) Telecoms
Job Titles
1 27 (39.13%) Analyst
2 16 (23.19%) Developer
3 15 (21.74%) SAS Developer
4 12 (17.39%) Project Manager
5 10 (14.49%) Business Analyst
6 9 (13.04%) Test Analyst
7 8 (11.59%) Banking Project Manager
7 8 (11.59%) SAS Analyst
8 7 (10.14%) SQL Analyst
9 6 (8.70%) SAS Business Analyst
10 5 (7.25%) Automation Test Analyst
10 5 (7.25%) Banking Analyst
10 5 (7.25%) Consultant
10 5 (7.25%) SAS Consultant
11 4 (5.80%) Credit Analyst
11 4 (5.80%) Credit Risk Analyst
11 4 (5.80%) IT Manager
11 4 (5.80%) IT Project Manager
11 4 (5.80%) Risk Analyst
11 4 (5.80%) Support Analyst
Libraries, Frameworks & Software Standards
1 1 (1.45%) .NET
Miscellaneous
1 23 (33.33%) Credit Risk
2 6 (8.70%) Analytical Skills
2 6 (8.70%) Data Structures
3 1 (1.45%) Management Information System
Operating Systems
1 4 (5.80%) Linux
1 4 (5.80%) Windows
Processes & Methodologies
1 21 (30.43%) Stress Testing
2 12 (17.39%) Agile Software Development
3 11 (15.94%) Analytics
3 11 (15.94%) Project Management
4 10 (14.49%) ETL
5 9 (13.04%) Wealth Management
6 8 (11.59%) Credit Risk Modelling
6 8 (11.59%) Visual Analytics
7 7 (10.14%) Regression Testing
7 7 (10.14%) Risk Management
7 7 (10.14%) User Acceptance Testing
7 7 (10.14%) Validation
8 6 (8.70%) Business Analysis
8 6 (8.70%) Integration Testing
8 6 (8.70%) Matrix Organization
8 6 (8.70%) Regulatory Compliance
8 6 (8.70%) Scrum
8 6 (8.70%) Software Testing
8 6 (8.70%) Stakeholder Management
8 6 (8.70%) Test Automation
Programming Languages
1 18 (26.09%) SQL
2 7 (10.14%) C#
3 6 (8.70%) C
3 6 (8.70%) Java
3 6 (8.70%) R
4 5 (7.25%) MATLAB
4 5 (7.25%) VBA
5 1 (1.45%) PROC SQL
5 1 (1.45%) Python
5 1 (1.45%) SAS Macro
5 1 (1.45%) Scala
5 1 (1.45%) T-SQL
5 1 (1.45%) VB.NET
5 1 (1.45%) VBScript
Qualifications
1 9 (13.04%) Degree
2 8 (11.59%) Numerate Degree
3 5 (7.25%) CCA
4 2 (2.90%) ACCA
5 1 (1.45%) CIMA
5 1 (1.45%) SAS Certification
5 1 (1.45%) Security Cleared
Quality Assurance & Compliance
1 69 (100.00%) IFRS
2 10 (14.49%) GDPR
3 8 (11.59%) Sarbanes-Oxley
4 5 (7.25%) Basel II
4 5 (7.25%) Data Quality
4 5 (7.25%) PSD2
5 2 (2.90%) COREP
5 2 (2.90%) MiFID
5 2 (2.90%) PMO
6 1 (1.45%) CRD IV
6 1 (1.45%) EMIR
6 1 (1.45%) FATCA
6 1 (1.45%) FINREP
6 1 (1.45%) Solvency II
Vendors
1 7 (10.14%) Oracle
2 1 (1.45%) Informatica
2 1 (1.45%) Microsoft
2 1 (1.45%) Tableau
2 1 (1.45%) Talend