Period
to

The following table provides summary statistics for permanent job vacancies with a requirement for Credit Risk Modelling skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Credit Risk Modelling over the 6 months to 16 August 2022 with a comparison to the same period in the previous 2 years.

Credit Risk Modelling
UK
6 months to
16 Aug 2022
Same period 2021 Same period 2020
Rank 1175 1020 768
Rank change year-on-year -155 -252 +329
Permanent jobs citing Credit Risk Modelling 62 6 9
As % of all permanent jobs advertised in the UK 0.037% 0.005% 0.014%
As % of the Processes & Methodologies category 0.039% 0.006% 0.016%
Number of salaries quoted 31 5 9
10th Percentile £40,000 £57,500 £57,000
25th Percentile £64,219 £65,000 £64,250
Median annual salary (50th Percentile) £135,000 £70,000 £95,000
Median % change year-on-year +92.86% -26.32% +18.75%
75th Percentile £140,000 £77,500 £97,500
90th Percentile - £79,000 -
UK excluding London median annual salary £60,000 - £55,000
% change year-on-year - - -26.67%

Credit Risk Modelling is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for process or methodology skills.

All Process and Methodology Skills
UK
Permanent vacancies with a requirement for process or methodology skills 159,883 108,556 57,895
As % of all permanent IT jobs advertised in the UK 95.81% 94.18% 93.17%
Number of salaries quoted 83,186 73,307 47,022
10th Percentile £34,250 £32,500 £32,500
25th Percentile £45,000 £42,500 £41,250
Median annual salary (50th Percentile) £60,000 £55,750 £55,000
Median % change year-on-year +7.62% +1.36% +4.76%
75th Percentile £80,000 £75,000 £73,750
90th Percentile £97,290 £92,500 £90,000
UK excluding London median annual salary £52,500 £50,000 £47,500
% change year-on-year +5.00% +5.26% +5.56%

Credit Risk Modelling
Job Vacancy Trend

Job postings citing Credit Risk Modelling as a proportion of all IT jobs advertised.

Job vacancy trend for Credit Risk Modelling in the UK

Credit Risk Modelling
Salary Trend

3-month moving average salary quoted in jobs citing Credit Risk Modelling.

Salary trend for Credit Risk Modelling in the UK

Credit Risk Modelling
Salary Histogram

Salary distribution for jobs citing Credit Risk Modelling over the 6 months to 16 August 2022.

Salary histogram for Credit Risk Modelling in the UK

Credit Risk Modelling
Top 7 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Credit Risk Modelling within the UK over the 6 months to 16 August 2022. 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
Jobs
England -149 46 £135,000 +92.86% 2
London -140 44 £137,500 +96.43% 1
Work from Home -183 41 £140,000 +75.00% 1
UK excluding London - 3 £60,000 - 1
East Midlands - 2 £58,750 -
Midlands - 2 £58,750 -
Wales - 1 £70,000 -

For the 6 months to 16 August 2022, IT jobs citing Credit Risk Modelling 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 Credit Risk Modelling.

1 62 (100.00%) Credit Risk
2 40 (64.52%) SAS
3 36 (58.06%) Validation
4 32 (51.61%) SQL
5 28 (45.16%) Analytical Skills
6 27 (43.55%) Statistical Modelling
7 25 (40.32%) Stress Testing
8 24 (38.71%) Banking
8 24 (38.71%) IFRS
9 23 (37.10%) IFRS 9
10 21 (33.87%) Stakeholder Management
10 21 (33.87%) Analytics
11 20 (32.26%) Social Skills
12 19 (30.65%) Scorecard
13 18 (29.03%) Risk Analytics
13 18 (29.03%) Economics
14 17 (27.42%) Statistics
14 17 (27.42%) Finance
14 17 (27.42%) Model Validation
15 16 (25.81%) Physics
16 15 (24.19%) Credit Risk Analytics
17 14 (22.58%) Organisational Skills
18 13 (20.97%) VBA
18 13 (20.97%) Data Management
18 13 (20.97%) Risk Analysis
18 13 (20.97%) Coaching
18 13 (20.97%) Credit Risk Analysis
18 13 (20.97%) Code Optimisation
19 9 (14.52%) Problem-Solving
20 7 (11.29%) Degree

Credit Risk Modelling
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 40 (64.52%) SAS
Applications
1 6 (9.68%) Microsoft Excel
2 4 (6.45%) Microsoft Office
3 2 (3.23%) EViews
3 2 (3.23%) SPSS
Cloud Services
1 2 (3.23%) Amazon SageMaker
1 2 (3.23%) GitHub
Database & Business Intelligence
1 1 (1.61%) Big Data
1 1 (1.61%) Metadata
General
1 28 (45.16%) Analytical Skills
2 24 (38.71%) Banking
3 20 (32.26%) Social Skills
4 17 (27.42%) Finance
5 14 (22.58%) Organisational Skills
6 5 (8.06%) Retail
7 4 (6.45%) Presentation Skills
8 3 (4.84%) Wholesale Banking
9 1 (1.61%) Advertising
9 1 (1.61%) Games
Job Titles
1 29 (46.77%) Risk Manager
2 26 (41.94%) Credit Risk Manager
3 19 (30.65%) Analyst
3 19 (30.65%) Risk Analyst
4 18 (29.03%) Credit Analyst
4 18 (29.03%) Credit Risk Analyst
4 18 (29.03%) Project Manager
5 16 (25.81%) Risk Project Manager
6 14 (22.58%) Data Analyst
6 14 (22.58%) Report Analyst
7 13 (20.97%) Credit Risk Project Manager
7 13 (20.97%) Implementation Manager
8 5 (8.06%) Junior
8 5 (8.06%) Junior Analyst
8 5 (8.06%) Junior Risk Analyst
9 4 (6.45%) Data Scientist
9 4 (6.45%) Testing Manager
10 3 (4.84%) Senior Data Scientist
10 3 (4.84%) Senior Manager
10 3 (4.84%) Senior Project Manager
Libraries, Frameworks & Software Standards
1 2 (3.23%) LightGBM
Miscellaneous
1 62 (100.00%) Credit Risk
Processes & Methodologies
1 36 (58.06%) Validation
2 27 (43.55%) Statistical Modelling
3 25 (40.32%) Stress Testing
4 21 (33.87%) Analytics
4 21 (33.87%) Stakeholder Management
5 19 (30.65%) Scorecard
6 18 (29.03%) Economics
6 18 (29.03%) Risk Analytics
7 17 (27.42%) Model Validation
7 17 (27.42%) Statistics
8 16 (25.81%) Physics
9 15 (24.19%) Credit Risk Analytics
10 13 (20.97%) Coaching
10 13 (20.97%) Code Optimisation
10 13 (20.97%) Credit Risk Analysis
10 13 (20.97%) Data Management
10 13 (20.97%) Risk Analysis
11 9 (14.52%) Problem-Solving
12 6 (9.68%) Data Science
12 6 (9.68%) Mathematics
Programming Languages
1 32 (51.61%) SQL
2 13 (20.97%) VBA
3 5 (8.06%) Python
4 3 (4.84%) R
5 2 (3.23%) C++
5 2 (3.23%) MATLAB
Qualifications
1 7 (11.29%) Degree
2 2 (3.23%) PhD
Quality Assurance & Compliance
1 24 (38.71%) IFRS
2 23 (37.10%) IFRS 9
3 1 (1.61%) Data Quality
System Software
1 3 (4.84%) Docker
Systems Management
1 1 (1.61%) Kubernetes