Period
to

The following table provides summary statistics for permanent job vacancies with a requirement for IFRS 9 skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited IFRS 9 over the 6 months to 28 June 2022 with a comparison to the same period in the previous 2 years.

IFRS 9 Financial Instruments
UK
6 months to
28 Jun 2022
Same period 2021 Same period 2020
Rank 1162 953 850
Rank change year-on-year -209 -103 +245
Permanent jobs citing IFRS 9 88 8 10
As % of all permanent jobs advertised in the UK 0.050% 0.008% 0.013%
As % of the Quality Assurance & Compliance category 0.28% 0.055% 0.098%
Number of salaries quoted 37 2 7
10th Percentile £40,000 £44,625 £44,750
25th Percentile £61,750 £45,938 £48,125
Median annual salary (50th Percentile) £75,000 £50,000 £62,500
Median % change year-on-year +50.00% -20.00% -28.57%
75th Percentile £132,500 £52,188 £69,625
90th Percentile - £52,375 £82,500
UK excluding London median annual salary £75,000 - £51,250

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 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 31,053 14,536 10,220
As % of all permanent IT jobs advertised in the UK 17.52% 13.77% 12.90%
Number of salaries quoted 13,767 9,127 7,891
10th Percentile £31,242 £31,250 £30,000
25th Percentile £41,250 £41,250 £39,750
Median annual salary (50th Percentile) £55,000 £53,200 £52,500
Median % change year-on-year +3.38% +1.33% +5.00%
75th Percentile £73,250 £71,250 £70,000
90th Percentile £90,000 £86,250 £85,000
UK excluding London median annual salary £49,500 £47,500 £47,500
% change year-on-year +4.21% - +5.56%

IFRS 9
Job Vacancy Trend

Job postings citing IFRS 9 as a proportion of all IT jobs advertised.

Job vacancy trend for IFRS 9 in the UK

IFRS 9
Salary Trend

3-month moving average salary quoted in jobs citing IFRS 9.

Salary trend for IFRS 9 in the UK

IFRS 9
Salary Histogram

Salary distribution for jobs citing IFRS 9 over the 6 months to 28 June 2022.

Salary histogram for IFRS 9 in the UK

IFRS 9
Top 5 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing IFRS 9 within the UK over the 6 months to 28 June 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 -180 61 £80,000 +60.00% 6
London -200 61 £80,000 +60.00% 6
Work from Home -206 60 £70,000 -
Scotland -47 9 £75,000 - 3
UK excluding London -115 9 £75,000 - 3

For the 6 months to 28 June 2022, IT 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 permanent job ads with a requirement for IFRS 9.

1 88 (100.00%) IFRS
2 83 (94.32%) Credit Risk
3 68 (77.27%) Finance
4 65 (73.86%) SAS
5 47 (53.41%) Validation
6 46 (52.27%) Coaching
7 45 (51.14%) Stress Testing
8 41 (46.59%) Model Validation
9 40 (45.45%) SQL
10 38 (43.18%) Data Management
11 31 (35.23%) Credit Risk Modelling
12 24 (27.27%) Analytical Skills
12 24 (27.27%) Data Quality
12 24 (27.27%) VBA
13 23 (26.14%) Risk Analysis
13 23 (26.14%) Code Optimisation
13 23 (26.14%) Credit Risk Analysis
14 21 (23.86%) Analytics
14 21 (23.86%) Mathematics
14 21 (23.86%) Risk Management
15 19 (21.59%) Python
16 18 (20.45%) Credit Risk Management
17 17 (19.32%) Risk Analytics
18 16 (18.18%) Technical Analysis
18 16 (18.18%) Portfolio Management
18 16 (18.18%) Strategic Management
18 16 (18.18%) Market Risk
18 16 (18.18%) Computer Science
19 15 (17.05%) Banking
20 14 (15.91%) Social Skills

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 65 (73.86%) SAS
2 2 (2.27%) Apache
2 2 (2.27%) Apache Spark
Applications
1 5 (5.68%) Microsoft Excel
1 5 (5.68%) Microsoft Office
Cloud Services
1 6 (6.82%) Power Platform
2 3 (3.41%) AWS
2 3 (3.41%) Azure
Communications & Networking
1 5 (5.68%) Internet
Database & Business Intelligence
1 9 (10.23%) Metadata
2 6 (6.82%) Power BI
3 1 (1.14%) Big Data
3 1 (1.14%) SAS EBI
General
1 68 (77.27%) Finance
2 24 (27.27%) Analytical Skills
3 15 (17.05%) Banking
4 14 (15.91%) Social Skills
5 7 (7.95%) Retail
6 3 (3.41%) Wholesale Banking
7 2 (2.27%) Presentation Skills
7 2 (2.27%) Retail Finance
8 1 (1.14%) Financial Institution
8 1 (1.14%) Games
Job Titles
1 38 (43.18%) Analyst
2 23 (26.14%) Credit Risk Manager
2 23 (26.14%) Implementation Manager
2 23 (26.14%) Risk Manager
3 16 (18.18%) Developer
3 16 (18.18%) Insight Analyst
3 16 (18.18%) Portfolio Analyst
4 13 (14.77%) Analytics Developer
4 13 (14.77%) C++ Developer
4 13 (14.77%) C++ Quantitative Developer
4 13 (14.77%) Python Developer
4 13 (14.77%) Quantitative Developer
4 13 (14.77%) Risk Analyst
4 13 (14.77%) Risk Analytics Developer
4 13 (14.77%) Senior Analyst
4 13 (14.77%) Senior C++ Developer
4 13 (14.77%) Senior C++ Quantitative Developer
4 13 (14.77%) Senior Developer
4 13 (14.77%) Senior Python Developer
4 13 (14.77%) Senior Quantitative Developer
Libraries, Frameworks & Software Standards
1 13 (14.77%) scikit-learn
1 13 (14.77%) SciPy
1 13 (14.77%) TensorFlow
2 3 (3.41%) Micronaut
2 3 (3.41%) React
2 3 (3.41%) Spring
2 3 (3.41%) Spring Boot
Miscellaneous
1 83 (94.32%) Credit Risk
2 16 (18.18%) Market Risk
3 13 (14.77%) Derivative
3 13 (14.77%) Equities
3 13 (14.77%) Fixed Income
4 5 (5.68%) Management Information System
5 3 (3.41%) Algorithms
Operating Systems
1 13 (14.77%) Linux
Processes & Methodologies
1 47 (53.41%) Validation
2 46 (52.27%) Coaching
3 45 (51.14%) Stress Testing
4 41 (46.59%) Model Validation
5 38 (43.18%) Data Management
6 31 (35.23%) Credit Risk Modelling
7 23 (26.14%) Code Optimisation
7 23 (26.14%) Credit Risk Analysis
7 23 (26.14%) Risk Analysis
8 21 (23.86%) Analytics
8 21 (23.86%) Mathematics
8 21 (23.86%) Risk Management
9 18 (20.45%) Credit Risk Management
10 17 (19.32%) Risk Analytics
11 16 (18.18%) Computer Science
11 16 (18.18%) Portfolio Management
11 16 (18.18%) Strategic Management
11 16 (18.18%) Technical Analysis
12 13 (14.77%) Machine Learning
12 13 (14.77%) Monte Carlo Method
Programming Languages
1 40 (45.45%) SQL
2 24 (27.27%) VBA
3 19 (21.59%) Python
4 13 (14.77%) C++
5 3 (3.41%) Java
5 3 (3.41%) JavaScript
5 3 (3.41%) Shell Script
6 2 (2.27%) R
Qualifications
1 13 (14.77%) PhD
2 11 (12.50%) Degree
3 3 (3.41%) Computer Science Degree
Quality Assurance & Compliance
1 88 (100.00%) IFRS
2 24 (27.27%) Data Quality
3 4 (4.55%) Solvency II
4 3 (3.41%) IFRS 17
5 2 (2.27%) CRD IV
6 1 (1.14%) Dodd-Frank
6 1 (1.14%) FATCA
6 1 (1.14%) GDPR
Systems Management
1 3 (3.41%) Kubernetes
Vendors
1 5 (5.68%) Ab Initio
1 5 (5.68%) MicroStrategy
2 3 (3.41%) Microsoft
2 3 (3.41%) Oracle