Risk Analyst Contracts

Risk Analyst
UK

The median Risk Analyst daily rate in the UK is £538 according to job vacancies posted during the 6 months to 6 May 2024.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
6 May 2024
Same period 2023 Same period 2022
Rank 498 551 714
Rank change year-on-year +53 +163 -150
Contract jobs requiring a Risk Analyst 80 165 153
As % of all contract jobs advertised in the UK 0.18% 0.28% 0.17%
As % of the Job Titles category 0.20% 0.30% 0.18%
Number of daily rates quoted 53 112 121
10th Percentile £412 £400 £350
25th Percentile £450 £445 £478
Median daily rate (50th Percentile) £538 £600 £575
Median % change year-on-year -10.42% +4.35% +7.98%
75th Percentile £675 £752 £700
90th Percentile £798 £860 £775
UK excluding London median daily rate £475 £400 £525
% change year-on-year +18.75% -23.81% -
Number of hourly rates quoted 0 1 0
Median hourly rate - £31.27 -
UK excluding London median hourly rate - £31.27 -

All Contract IT Job Vacancies
UK

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

Contract vacancies in the UK with a recognized job title 40,246 55,892 84,695
% of contract IT jobs with a recognized job title 92.74% 94.62% 95.45%
Number of daily rates quoted 26,216 39,044 59,517
10th Percentile £279 £313 £313
25th Percentile £409 £425 £425
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +10.53%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £490 £500 £475
% change year-on-year -2.00% +5.26% +11.76%
Number of hourly rates quoted 2,676 1,569 2,074
10th Percentile £12.86 £14.25 £12.50
25th Percentile £16.30 £19.25 £15.72
Median hourly rate £36.50 £45.00 £23.91
Median % change year-on-year -18.89% +88.21% +6.27%
75th Percentile £61.30 £65.75 £49.25
90th Percentile £72.50 £76.00 £64.60
UK excluding London median hourly rate £40.00 £42.16 £19.52
% change year-on-year -5.11% +115.96% +2.74%

Risk Analyst
Job Vacancy Trend

Job postings that featured Risk Analyst in the job title as a proportion of all IT jobs advertised.

Job vacancy trend for Risk Analyst in the UK

Risk Analyst
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Risk Analyst.

Daily rate trend for Risk Analyst in the UK

Risk Analyst
Daily Rate Histogram

Daily rate distribution for jobs citing Risk Analyst over the 6 months to 6 May 2024.

Daily rate histogram for Risk Analyst in the UK

Risk Analyst
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Risk Analyst.

Hourly rate trend for Risk Analyst in the UK

Risk Analyst
Top 14 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Risk Analyst within the UK over the 6 months to 6 May 2024. 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
Jobs
England +21 73 £550 -8.33% 40
London +43 58 £575 -11.54% 21
Work from Home +98 28 £513 -9.29% 16
UK excluding London +44 18 £475 +18.75% 18
North of England +25 8 £475 +18.75% 7
North West +24 7 £400 - 6
Midlands +23 4 £425 +6.25% 3
Scotland +39 3 - -
West Midlands +20 3 £450 -14.29% 3
South East +17 2 £500 -11.11% 5
Yorkshire +21 1 £550 +28.50% 1
East Midlands +11 1 £400 -
East of England +9 1 £475 -17.39% 1
Northern Ireland - 1 £450 -

Risk Analyst Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 6 May 2024, Risk Analyst contract job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads featuring Risk Analyst in the job title.

1 35 (43.75%) Risk Management
2 33 (41.25%) Finance
3 32 (40.00%) Banking
4 27 (33.75%) Social Skills
5 17 (21.25%) Analytical Skills
5 17 (21.25%) Cybersecurity
6 14 (17.50%) SQL
7 13 (16.25%) Stakeholder Management
8 12 (15.00%) CISSP
8 12 (15.00%) Security Cleared
8 12 (15.00%) Problem-Solving
9 11 (13.75%) Risk Assessment
10 10 (12.50%) CISM
10 10 (12.50%) Market Risk
11 9 (11.25%) SC Cleared
11 9 (11.25%) Agile
11 9 (11.25%) CRISC
11 9 (11.25%) Risk Register
12 8 (10.00%) Public Sector
12 8 (10.00%) GRC
12 8 (10.00%) Data Governance
12 8 (10.00%) Data Analysis
12 8 (10.00%) Microsoft
12 8 (10.00%) SAP
13 7 (8.75%) Python
13 7 (8.75%) Validation
13 7 (8.75%) CISA
13 7 (8.75%) User Acceptance Testing
13 7 (8.75%) Credit Risk
13 7 (8.75%) Analytics

Risk Analyst Skill Set
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 5 (6.25%) SAS
2 4 (5.00%) Confluence
2 4 (5.00%) SharePoint
Applications
1 4 (5.00%) Microsoft Excel
2 3 (3.75%) Microsoft Office
3 1 (1.25%) Microsoft PowerPoint
Business Applications
1 5 (6.25%) Endur
1 5 (6.25%) OpenLink RightAngle
2 3 (3.75%) Oracle Procure-to-Pay
3 1 (1.25%) SAP ERP
Cloud Services
1 5 (6.25%) AWS
1 5 (6.25%) Azure
1 5 (6.25%) Cloud Computing
2 4 (5.00%) Microsoft 365
3 3 (3.75%) Snowflake
4 2 (2.50%) Power Automate
5 1 (1.25%) Power Platform
Database & Business Intelligence
1 3 (3.75%) SAP HANA
2 2 (2.50%) Data Warehouse
3 1 (1.25%) Big Data
3 1 (1.25%) Data Mining
3 1 (1.25%) Power BI
3 1 (1.25%) Relational Database
Development Applications
1 5 (6.25%) JIRA
General
1 33 (41.25%) Finance
2 32 (40.00%) Banking
3 27 (33.75%) Social Skills
4 17 (21.25%) Analytical Skills
5 8 (10.00%) Public Sector
6 6 (7.50%) Front Office
6 6 (7.50%) Investment Banking
7 5 (6.25%) Presentation Skills
8 3 (3.75%) Organisational Skills
9 2 (2.50%) International Banking
9 2 (2.50%) Legal
9 2 (2.50%) Retail
9 2 (2.50%) Retail Finance
10 1 (1.25%) Documentation Skills
10 1 (1.25%) General Ledger
10 1 (1.25%) Law
Libraries, Frameworks & Software Standards
1 5 (6.25%) HTML
1 5 (6.25%) Middleware
2 3 (3.75%) IDoc
2 3 (3.75%) XML
Miscellaneous
1 10 (12.50%) Market Risk
2 7 (8.75%) Credit Risk
3 6 (7.50%) Derivative
4 4 (5.00%) Equities
4 4 (5.00%) Management Information System
4 4 (5.00%) Self-Motivation
5 3 (3.75%) Foreign Exchange (FX)
5 3 (3.75%) Product Ownership
6 2 (2.50%) Cyber Threat
6 2 (2.50%) Equity Derivative
6 2 (2.50%) Reinsurance
7 1 (1.25%) Data Protection Act
7 1 (1.25%) Fixed Income
Operating Systems
1 3 (3.75%) Windows
2 2 (2.50%) Linux
2 2 (2.50%) Unix
3 1 (1.25%) Windows 7
3 1 (1.25%) Windows Server 2008
3 1 (1.25%) Windows Server 2012
Processes & Methodologies
1 35 (43.75%) Risk Management
2 17 (21.25%) Cybersecurity
3 13 (16.25%) Stakeholder Management
4 12 (15.00%) Problem-Solving
5 11 (13.75%) Risk Assessment
6 9 (11.25%) Agile
6 9 (11.25%) Risk Register
7 8 (10.00%) Data Analysis
7 8 (10.00%) Data Governance
8 7 (8.75%) Analytics
8 7 (8.75%) User Acceptance Testing
8 7 (8.75%) Validation
9 6 (7.50%) Change Management
9 6 (7.50%) Information Security
9 6 (7.50%) Requirements Gathering
10 5 (6.25%) ERP
10 5 (6.25%) ETRM
10 5 (6.25%) Investment Management
10 5 (6.25%) Logistics
10 5 (6.25%) Stress Testing
Programming Languages
1 14 (17.50%) SQL
2 7 (8.75%) Python
3 5 (6.25%) ABAP
3 5 (6.25%) C
3 5 (6.25%) C#
4 1 (1.25%) R
4 1 (1.25%) VBA
Qualifications
1 12 (15.00%) CISSP
1 12 (15.00%) Security Cleared
2 10 (12.50%) CISM
3 9 (11.25%) CRISC
3 9 (11.25%) SC Cleared
4 7 (8.75%) CISA
5 5 (6.25%) Degree
6 2 (2.50%) (ISC)2 CCSP
6 2 (2.50%) Cisco Certification
6 2 (2.50%) Master's Degree
7 1 (1.25%) Computer Science Degree
Quality Assurance & Compliance
1 8 (10.00%) GRC
2 6 (7.50%) Data Quality
2 6 (7.50%) NIST
3 5 (6.25%) ISO 31000
4 4 (5.00%) NCSC
5 3 (3.75%) GDPR
5 3 (3.75%) HMG Security Policy Framework
6 2 (2.50%) Basel II
6 2 (2.50%) Basel III
6 2 (2.50%) ISO/IEC 27001
7 1 (1.25%) Accessibility
7 1 (1.25%) NIST 800
7 1 (1.25%) PCI DSS
7 1 (1.25%) PMO
7 1 (1.25%) Solvency II
Vendors
1 8 (10.00%) Microsoft
1 8 (10.00%) SAP
2 5 (6.25%) OpenLink
2 5 (6.25%) Triple Point
3 3 (3.75%) MuleSoft
3 3 (3.75%) Oracle
3 3 (3.75%) webMethods
4 2 (2.50%) ServiceNow
5 1 (1.25%) Remedy