Period
to 19 September 2019

The following table provides summary statistics for permanent job vacancies with a requirement for Basel II skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Basel II over the 6 months to 19 September 2019 with a comparison to the same period in the previous 2 years.

Basel II
UK
6 months to
19 Sep 2019
Same period 2018 Same period 2017
Rank 1060 1178 1207
Rank change year-on-year +118 +29 +44
Permanent jobs citing Basel II 15 8 13
As % of all permanent IT jobs advertised in the UK 0.011% 0.005% 0.007%
As % of the Quality Assurance & Compliance category 0.080% 0.036% 0.060%
Number of salaries quoted 12 7 10
UK median annual salary £34,000 £80,000 £60,000
Median salary % change year-on-year -57.50% +33.33% -4.00%
10th Percentile £31,000 £66,375 £43,250
90th Percentile £67,375 £98,500 £67,750
UK excluding London median annual salary £34,000 £90,000 £59,500
% change year-on-year -62.22% +51.26% -

Basel II is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
UK
Permanent vacancies with a requirement for quality assurance or compliance skills 18,779 22,119 21,819
As % of all permanent IT jobs advertised in the UK 13.29% 13.21% 12.30%
Number of salaries quoted 13,857 16,793 16,191
UK median annual salary £50,000 £50,000 £50,000
10th Percentile £27,750 £28,533 £27,250
90th Percentile £82,500 £80,000 £77,500
UK excluding London median annual salary £45,000 £45,000 £42,500
% change year-on-year - +5.88% -

Basel II
Job Vacancy Trend

Job postings citing Basel II as a percentage of all IT jobs advertised.

Job vacancy trend for Basel II in the UK

Basel II
Salary Trend

This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing Basel II.

Salary trend for Basel II in the UK

Basel II
Salary Histogram

The salary distribution of IT jobs citing Basel II over the 6 months to 19 September 2019.

Salary histogram for Basel II in the UK

Basel II
Top 7 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Basel II within the UK over the 6 months to 19 September 2019. 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +114 15 £34,000 -55.04% 4
UK excluding London +63 9 £34,000 -62.22% 1
Midlands +47 8 £34,000 -62.22%
West Midlands +33 8 £34,000 -62.22%
London +86 6 £67,500 -5.26% 3
North West - 1 £55,000 - 1
North of England - 1 £55,000 - 1

For the 6 months to 19 September 2019, IT jobs citing Basel II also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads with a requirement for Basel II.

1 14 (93.33%) Banking
2 12 (80.00%) Credit Risk
3 11 (73.33%) C
3 11 (73.33%) Finance
4 10 (66.67%) Analytical Skills
5 9 (60.00%) Computer Science
5 9 (60.00%) Degree
5 9 (60.00%) Economics
6 8 (53.33%) Scala
6 8 (53.33%) Predictive Modelling
6 8 (53.33%) Python
6 8 (53.33%) Financial Institution
6 8 (53.33%) C#
6 8 (53.33%) C++
6 8 (53.33%) Java
6 8 (53.33%) SAS
6 8 (53.33%) Quantitative Analysis
6 8 (53.33%) R
6 8 (53.33%) Statistical Modelling
6 8 (53.33%) IFRS
6 8 (53.33%) IFRS 9
6 8 (53.33%) Data Science
7 4 (26.67%) Credit Risk Modelling
7 4 (26.67%) Retail
8 3 (20.00%) Corporate Banking
8 3 (20.00%) Risk Management
8 3 (20.00%) Stress Testing
8 3 (20.00%) Project Management
8 3 (20.00%) Analytics
8 3 (20.00%) Scorecard

Basel II
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 8 (53.33%) SAS
Applications
1 1 (6.67%) Microsoft Excel
Business Applications
1 1 (6.67%) Bloomberg TOMS
Communications & Networking
1 1 (6.67%) Internet
General
1 14 (93.33%) Banking
2 11 (73.33%) Finance
3 8 (53.33%) Financial Institution
4 4 (26.67%) Retail
5 3 (20.00%) Corporate Banking
6 1 (6.67%) Front Office
6 1 (6.67%) International Banking
Job Titles
1 11 (73.33%) Consultant
1 11 (73.33%) Risk Consultant
2 4 (26.67%) Credit Risk Modeller
3 3 (20.00%) Graduate
3 3 (20.00%) Graduate Consultant
4 2 (13.33%) Analyst
4 2 (13.33%) Junior
4 2 (13.33%) Junior Consultant
4 2 (13.33%) Risk Analyst
4 2 (13.33%) Software Consultant
5 1 (6.67%) Applications Specialist
5 1 (6.67%) Applications Support Specialist
5 1 (6.67%) Credit Analyst
5 1 (6.67%) Credit Risk Analyst
5 1 (6.67%) Information Security Officer
5 1 (6.67%) Operations Analyst
5 1 (6.67%) Security Analyst
5 1 (6.67%) Security Officer
5 1 (6.67%) Security Risk Analyst
5 1 (6.67%) Software Analyst
Miscellaneous
1 12 (80.00%) Credit Risk
2 10 (66.67%) Analytical Skills
3 1 (6.67%) Fixed Income
3 1 (6.67%) Foreign Exchange (FX)
3 1 (6.67%) Management Information System
3 1 (6.67%) Market Risk
3 1 (6.67%) Mobile App
3 1 (6.67%) Online Banking
Processes & Methodologies
1 9 (60.00%) Computer Science
1 9 (60.00%) Economics
2 8 (53.33%) Data Science
2 8 (53.33%) Predictive Modelling
2 8 (53.33%) Quantitative Analysis
2 8 (53.33%) Statistical Modelling
3 4 (26.67%) Credit Risk Modelling
4 3 (20.00%) Analytics
4 3 (20.00%) Project Management
4 3 (20.00%) Risk Management
4 3 (20.00%) Scorecard
4 3 (20.00%) Stress Testing
5 2 (13.33%) Business Continuity
5 2 (13.33%) Information Security
5 2 (13.33%) Problem-Solving
6 1 (6.67%) Business Continuity Planning
6 1 (6.67%) Cybersecurity
6 1 (6.67%) Flow Trading
6 1 (6.67%) Line Management
6 1 (6.67%) Regulatory Compliance
Programming Languages
1 11 (73.33%) C
2 8 (53.33%) C#
2 8 (53.33%) C++
2 8 (53.33%) Java
2 8 (53.33%) Python
2 8 (53.33%) R
2 8 (53.33%) Scala
Qualifications
1 9 (60.00%) Degree
2 1 (6.67%) CISA
2 1 (6.67%) CISM
2 1 (6.67%) CISSP
2 1 (6.67%) Master's Degree
Quality Assurance & Compliance
1 8 (53.33%) IFRS
1 8 (53.33%) IFRS 9
2 2 (13.33%) Basel III
2 2 (13.33%) ISO/IEC 27001
2 2 (13.33%) Sarbanes-Oxley
3 1 (6.67%) COBIT
3 1 (6.67%) HIPAA
3 1 (6.67%) ISO 22301
3 1 (6.67%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
3 1 (6.67%) MiFID
3 1 (6.67%) NIST
3 1 (6.67%) PCI DSS
3 1 (6.67%) SLA
Vendors
1 1 (6.67%) Bloomberg
1 1 (6.67%) ION Trading
1 1 (6.67%) Microsoft
1 1 (6.67%) Murex
1 1 (6.67%) Tradeweb
1 1 (6.67%) Wallstreet Suite