Period
to 16 October 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 16 October 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
16 Oct 2018
Same period 2017 Same period 2016
Rank 868 794 815
Rank change year-on-year -74 +21 +35
Contract jobs citing IFRS 9 32 82 85
As % of all contract IT jobs advertised in the UK 0.031% 0.083% 0.080%
As % of the Quality Assurance & Compliance category 0.28% 0.67% 0.70%
Number of daily rates quoted 28 53 63
UK median daily rate £575 £475 £485
Median daily rate % change year-on-year +21.05% -2.06% -7.62%
10th Percentile £354 £356 £409
90th Percentile £675 £723 £648
UK excluding London median daily rate £411 £420 £450
% change year-on-year -2.08% -6.67% -16.28%
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 11,240 12,208 12,164
As % of all contract IT jobs advertised in the UK 10.90% 12.30% 11.49%
Number of daily rates quoted 7,120 8,008 7,879
UK median daily rate £450 £438 £413
Median daily rate % change year-on-year +2.86% +6.06% +3.13%
10th Percentile £250 £255 £225
90th Percentile £625 £626 £600
UK excluding London median daily rate £400 £400 £375
% change year-on-year - +6.67% -1.32%
Number of hourly rates quoted 398 365 442
UK median hourly rate £22.00 £20.00 £22.50
Median hourly rate % change year-on-year +10.00% -11.11% +4.41%
10th Percentile £11.25 £10.61 £10.50
90th Percentile £50.00 £47.65 £47.50
UK excluding London median hourly rate £22.00 £20.00 £25.00
% change year-on-year +10.00% -20.00% +16.01%

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 16 October 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 16 October 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 -57 27 £588 +25.00% 9
UK excluding London -58 17 £411 -2.08% 1
London -34 15 £594 -12.04% 8
North of England -33 9 £625 +48.81% 1
Scotland -14 5 £350 -30.00%
North East - 5 £650 -
North West -12 4 £401 -4.46%
East Midlands +1 3 £393 -
Midlands -14 3 £393 +30.83%

For the 6 months to 16 October 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 32 (100.00%) IFRS
2 27 (84.38%) Finance
3 24 (75.00%) Credit Risk
4 22 (68.75%) SAS
5 15 (46.88%) SQL
6 14 (43.75%) Banking
7 11 (34.38%) Validation
8 10 (31.25%) Analytical Skills
9 8 (25.00%) Analytics
9 8 (25.00%) Stress Testing
9 8 (25.00%) Degree
9 8 (25.00%) R
9 8 (25.00%) SPSS
10 7 (21.88%) Python
10 7 (21.88%) Stakeholder Management
10 7 (21.88%) Financial Institution
10 7 (21.88%) Statistics
10 7 (21.88%) Mathematics
11 6 (18.75%) Physics
11 6 (18.75%) Data Analysis
12 5 (15.63%) Business Analysis
12 5 (15.63%) Microsoft Excel
12 5 (15.63%) Data Modelling
12 5 (15.63%) Computer Science
12 5 (15.63%) Data Mapping
12 5 (15.63%) Financial Modelling
12 5 (15.63%) Credit Risk Modelling
12 5 (15.63%) Master's Degree
13 4 (12.50%) Machine Learning
13 4 (12.50%) Big Data

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 22 (68.75%) SAS
2 2 (6.25%) Confluence
3 1 (3.13%) GemFire
Applications
1 8 (25.00%) SPSS
2 5 (15.63%) Microsoft Excel
3 3 (9.38%) Microsoft Office
3 3 (9.38%) MS Visio
4 1 (3.13%) EViews
4 1 (3.13%) Microsoft PowerPoint
Business Applications
1 1 (3.13%) SAP FI-GL
Cloud Services
1 2 (6.25%) IBM Blueworks
Database & Business Intelligence
1 4 (12.50%) Big Data
2 3 (9.38%) Data Warehouse
3 2 (6.25%) BusinessObjects
3 2 (6.25%) SQL Server
3 2 (6.25%) SQL Server Integration Services
4 1 (3.13%) InterSystems Cache
4 1 (3.13%) Oracle Database
4 1 (3.13%) Oracle Database 12c
Development Applications
1 2 (6.25%) JIRA
General
1 27 (84.38%) Finance
2 14 (43.75%) Banking
3 7 (21.88%) Financial Institution
4 2 (6.25%) Retail Banking
5 1 (3.13%) Retail
Job Titles
1 18 (56.25%) Analyst
2 7 (21.88%) Business Analyst
2 7 (21.88%) Financial Analyst
3 6 (18.75%) Risk Analyst
3 6 (18.75%) Senior Analyst
4 5 (15.63%) Credit Risk Modeller
4 5 (15.63%) Data Analyst
4 5 (15.63%) Developer
5 4 (12.50%) Risk Business Analyst
5 4 (12.50%) Service Analyst
6 3 (9.38%) Business Finance Analyst
6 3 (9.38%) Credit Analyst
6 3 (9.38%) Credit Risk Analyst
6 3 (9.38%) Data Business Analyst
6 3 (9.38%) Finance Business Analyst
7 2 (6.25%) Lead Developer
7 2 (6.25%) Qualitative Analyst
7 2 (6.25%) Quantitative Analyst
7 2 (6.25%) Risk Data Analyst
7 2 (6.25%) Senior Quantitative Analyst
Libraries, Frameworks & Software Standards
1 3 (9.38%) XML
2 2 (6.25%) XSD
3 1 (3.13%) CORBA
3 1 (3.13%) J2EE
3 1 (3.13%) JavaBeans
3 1 (3.13%) REST
3 1 (3.13%) RESTful
3 1 (3.13%) SOAP
3 1 (3.13%) Spring
3 1 (3.13%) Web Services
Miscellaneous
1 24 (75.00%) Credit Risk
2 10 (31.25%) Analytical Skills
3 5 (15.63%) Computer Science
4 1 (3.13%) Data Structures
4 1 (3.13%) Management Information System
4 1 (3.13%) Market Risk
Processes & Methodologies
1 11 (34.38%) Validation
2 8 (25.00%) Analytics
2 8 (25.00%) Stress Testing
3 7 (21.88%) Mathematics
3 7 (21.88%) Stakeholder Management
3 7 (21.88%) Statistics
4 6 (18.75%) Data Analysis
4 6 (18.75%) Physics
5 5 (15.63%) Business Analysis
5 5 (15.63%) Credit Risk Modelling
5 5 (15.63%) Data Mapping
5 5 (15.63%) Data Modelling
5 5 (15.63%) Financial Modelling
6 4 (12.50%) ETL
6 4 (12.50%) Machine Learning
6 4 (12.50%) Risk Management
7 2 (6.25%) Problem-Solving
7 2 (6.25%) Quantitative Analysis
8 1 (3.13%) Operations Research
8 1 (3.13%) Project Planning
Programming Languages
1 15 (46.88%) SQL
2 8 (25.00%) R
3 7 (21.88%) Python
4 2 (6.25%) C++
4 2 (6.25%) Java
4 2 (6.25%) VBA
5 1 (3.13%) C
5 1 (3.13%) C#
5 1 (3.13%) MATLAB
5 1 (3.13%) VB
Qualifications
1 8 (25.00%) Degree
2 5 (15.63%) Master's Degree
3 1 (3.13%) PhD
3 1 (3.13%) Postgraduate
Quality Assurance & Compliance
1 32 (100.00%) IFRS
2 3 (9.38%) Basel III
Vendors
1 4 (12.50%) Oracle
2 2 (6.25%) Informatica
3 1 (3.13%) Microsoft
3 1 (3.13%) SAP
3 1 (3.13%) Tableau