The following table provides summary statistics for contract job vacancies with a requirement for Quantitative Risk Management skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Quantitative Risk Management over the 3 months to 26 June 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.

Quantitative Risk Management (QRM)
UK
3 months to
26 Jun 2017
Same period 2016 Same period 2015
Rank 606 649 629
Rank change year-on-year +43 -20  
Contract jobs citing Quantitative Risk Management 1 2 12
As % of all contract IT jobs advertised in the UK 0.002% 0.004% 0.021%
As % of the Processes & Methodologies category 0.003% 0.005% 0.027%
Number of daily rates quoted 0 0 12
Median daily rate - - £525
UK excluding London median daily rate - - £423
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Quantitative Risk Management is in the process and methodology skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for process and methodology skills.

Contract Process & Methodology Skills
UK
Contract job vacancies with a requirement for process and methodology skills 39704 44234 45146
As % of all contract IT job vacancies advertised in the UK 84.45% 83.33% 80.72%
Number of daily rates quoted 25886 29348 28980
Median daily rate £450 £438 £413
Median daily rate % change year-on-year +2.85% +6.06%  
90% offered a daily rate of more than £313 £300 £285
10% offered a daily rate of more than £600 £600 £575
UK excluding London median daily rate £415 £400 £380
% change year-on-year +3.75% +5.26%  
Number of hourly rates quoted 1051 1071 1257
Median hourly rate £32.50 £27.50 £27.50
Median hourly rate % change year-on-year +18.18% -  
90% offered a hourly rate of more than £13.00 £12.58 £12.35
10% offered a hourly rate of more than £53.00 £48.65 £50.00
UK excluding London median hourly rate £34.00 £28.50 £30.00
% change year-on-year +19.29% -5.00%  

Quantitative Risk Management
Job Vacancy Trend

The job posting trend of jobs advertised citing Quantitative Risk Management as a proportion of all contract or permanent IT jobs with a match in the Processes & Methodologies category.

Job vacancy trend for Quantitative Risk Management in the UK

Quantitative Risk Management
Contractor Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Quantitative Risk Management.

Contractor daily rate trend for Quantitative Risk Management in the UK

Quantitative Risk Management
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Quantitative Risk Management within the UK over the 3 months to 26 June 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +33 1 - -
London -7 1 - -

For the 6 months to 26 June 2017, IT contractor jobs citing Quantitative Risk Management 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 Quantitative Risk Management.

1 1 (100.00%) Risk Management
1 1 (100.00%) Validation
1 1 (100.00%) MiFID
1 1 (100.00%) Credit Risk
1 1 (100.00%) Use Case
1 1 (100.00%) Market Risk
1 1 (100.00%) Stress Testing
1 1 (100.00%) Machine Learning
1 1 (100.00%) PnL Attribution

Quantitative Risk Management
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:

Job Titles
1 1 (100.00%) Analyst
1 1 (100.00%) Analyst Developer
1 1 (100.00%) Developer
1 1 (100.00%) Machine Learning Analyst
1 1 (100.00%) Machine Learning Developer
1 1 (100.00%) Market Risk Analyst
1 1 (100.00%) Market Risk Developer
1 1 (100.00%) Qualitative Analyst
1 1 (100.00%) Quantitative Analyst
1 1 (100.00%) Quantitative Analyst Developer
1 1 (100.00%) Quantitative Developer
1 1 (100.00%) Quantitative Risk Analyst
1 1 (100.00%) Risk Analyst
Miscellaneous
1 1 (100.00%) Credit Risk
1 1 (100.00%) Market Risk
Processes & Methodologies
1 1 (100.00%) Machine Learning
1 1 (100.00%) PnL Attribution
1 1 (100.00%) Risk Management
1 1 (100.00%) Stress Testing
1 1 (100.00%) Use Case
1 1 (100.00%) Validation
Quality Assurance & Compliance
1 1 (100.00%) MiFID