Period
to 18 May 2021

The table below looks at the prevalence of the term Market Risk in permanent job vacancies. Included is a benchmarking guide to the salaries offered in vacancies that have cited Market Risk over the 6 months to 18 May 2021 with a comparison to the same period over the previous 2 years.

Market Risk
UK
6 months to
18 May 2021
Same period 2020 Same period 2019
Rank 736 800 970
Rank change year-on-year +64 +170 +67
Permanent jobs citing Market Risk 158 112 148
As % of all permanent jobs advertised in the UK 0.17% 0.12% 0.10%
As % of the Miscellaneous category 0.48% 0.34% 0.29%
Number of salaries quoted 104 83 116
10th Percentile £63,250 £64,029 £45,000
25th Percentile £74,865 £69,375 £56,250
Median annual salary (50th Percentile) £85,000 £87,500 £72,500
Median % change year-on-year -2.86% +20.69% -17.14%
75th Percentile £90,000 £105,000 £90,000
90th Percentile £120,000 £110,000 £102,500
UK excluding London median annual salary £78,840 £57,500 £87,500
% change year-on-year +37.11% -34.29% +22.81%

Market Risk is in the Generic IT Skills category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for generic IT skills.

All Generic IT Skills
UK
Permanent vacancies with a requirement for generic IT skills 32,915 32,951 50,410
As % of all permanent IT jobs advertised in the UK 36.38% 34.51% 34.65%
Number of salaries quoted 22,133 25,996 38,434
10th Percentile £32,500 £31,250 £30,000
25th Percentile £42,500 £40,500 £37,500
Median annual salary (50th Percentile) £57,500 £55,000 £52,500
Median % change year-on-year +4.55% +4.76% +5.00%
75th Percentile £77,500 £75,421 £72,500
90th Percentile £95,000 £95,000 £88,750
UK excluding London median annual salary £48,550 £47,500 £45,000
% change year-on-year +2.21% +5.56% -

Market Risk
Job Vacancy Trend

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

Job vacancy trend for Market Risk in the UK

Market Risk
Salary Trend

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

Salary trend for Market Risk in the UK

Market Risk
Salary Histogram

Salary distribution for jobs citing Market Risk over the 6 months to 18 May 2021.

Salary histogram for Market Risk in the UK

Market Risk
Top 6 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Market Risk within the UK over the 6 months to 18 May 2021. 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 +86 158 £85,000 -5.56% 22
London +108 157 £85,000 -5.56% 21
Work from Home -163 9 £80,000 -25.58% 2
UK excluding London +19 1 £78,840 +37.11% 2
North of England - 1 £78,840 -
Yorkshire - 1 £78,840 -

For the 6 months to 18 May 2021, IT jobs citing Market Risk 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 Market Risk.

1 122 (77.22%) Finance
2 96 (60.76%) Front Office
3 85 (53.80%) Python
4 73 (46.20%) Risk Management
5 66 (41.77%) Agile Software Development
6 65 (41.14%) Equities
6 65 (41.14%) Banking
7 61 (38.61%) Java
8 58 (36.71%) Derivative
9 57 (36.08%) Fixed Income
10 52 (32.91%) Social Skills
11 42 (26.58%) GCP
11 42 (26.58%) Investment Banking
12 41 (25.95%) Azure
12 41 (25.95%) AWS
13 36 (22.78%) Foreign Exchange (FX)
13 36 (22.78%) Asset Management
13 36 (22.78%) TDD
14 33 (20.89%) Analytical Skills
15 32 (20.25%) Software Engineering
16 31 (19.62%) C++
16 31 (19.62%) Hedge funds
16 31 (19.62%) Analytics
17 30 (18.99%) Node.js
17 30 (18.99%) Portfolio Management
17 30 (18.99%) React
17 30 (18.99%) Greenfield Project
17 30 (18.99%) JavaScript
18 25 (15.82%) Mathematics
18 25 (15.82%) Backtesting

Market Risk
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 9 (5.70%) Apache Spark
2 8 (5.06%) Elasticsearch
3 4 (2.53%) Apache
4 3 (1.90%) Confluence
4 3 (1.90%) DataSynapse
5 1 (0.63%) Jupyter
5 1 (0.63%) SAS
Applications
1 16 (10.13%) Microsoft Excel
2 1 (0.63%) Microsoft Office
2 1 (0.63%) Microsoft PowerPoint
2 1 (0.63%) Spreadsheet
Business Applications
1 9 (5.70%) FINCAD Analytics
2 1 (0.63%) Actimize
Cloud Services
1 42 (26.58%) GCP
2 41 (25.95%) AWS
2 41 (25.95%) Azure
3 12 (7.59%) OpenShift
4 2 (1.27%) Azure Data Factory
Database & Business Intelligence
1 20 (12.66%) Data Mart
2 7 (4.43%) Big Data
3 3 (1.90%) Data Lake
3 3 (1.90%) Hadoop
3 3 (1.90%) KDB
3 3 (1.90%) Kdb+
4 2 (1.27%) Apache Ignite
4 2 (1.27%) Hazelcast
5 1 (0.63%) Azure SQL Database
5 1 (0.63%) MongoDB
5 1 (0.63%) MS Access
5 1 (0.63%) Redis
5 1 (0.63%) SQL Server
Development Applications
1 22 (13.92%) Git (software)
2 14 (8.86%) Subversion
3 8 (5.06%) Artifactory
3 8 (5.06%) Maven
3 8 (5.06%) SonarQube
4 4 (2.53%) JIRA
5 1 (0.63%) Jenkins
General
1 122 (77.22%) Finance
2 96 (60.76%) Front Office
3 65 (41.14%) Banking
4 52 (32.91%) Social Skills
5 42 (26.58%) Investment Banking
6 33 (20.89%) Analytical Skills
7 23 (14.56%) Financial Institution
8 14 (8.86%) Advertising
9 9 (5.70%) Documentation Skills
10 6 (3.80%) Back Office
10 6 (3.80%) Legal
11 5 (3.16%) Retail
11 5 (3.16%) Retail Finance
12 4 (2.53%) Influencing Skills
13 1 (0.63%) Marketing
13 1 (0.63%) Presentation Skills
Job Titles
1 102 (64.56%) Developer
2 43 (27.22%) Market Risk Developer
3 38 (24.05%) Analyst
4 32 (20.25%) Python Developer
4 32 (20.25%) Quantitative Developer
5 31 (19.62%) Business Analyst
6 30 (18.99%) Finance Manager
7 25 (15.82%) Java Developer
8 20 (12.66%) Murex Analyst
8 20 (12.66%) Murex Business Analyst
9 19 (12.03%) Investment Banking Business Analyst
10 15 (9.49%) C++ Developer
11 13 (8.23%) C++ Quantitative Developer
11 13 (8.23%) Senior Developer
12 10 (6.33%) Market Risk C++ Developer
13 8 (5.06%) Qualitative Analyst
13 8 (5.06%) Quantitative Analyst
14 7 (4.43%) C# Developer
15 6 (3.80%) Analyst Developer
15 6 (3.80%) Applications Support
Libraries, Frameworks & Software Standards
1 30 (18.99%) Node.js
1 30 (18.99%) React
2 20 (12.66%) Murex MxML
2 20 (12.66%) NumPy
2 20 (12.66%) SciPy
3 18 (11.39%) Spring
4 12 (7.59%) Kafka
5 10 (6.33%) .NET
6 8 (5.06%) Spring Boot
7 3 (1.90%) FIX Protocol
7 3 (1.90%) Murex Flex
8 1 (0.63%) Akka
8 1 (0.63%) JMS
Miscellaneous
1 65 (41.14%) Equities
2 58 (36.71%) Derivative
3 57 (36.08%) Fixed Income
4 36 (22.78%) Foreign Exchange (FX)
5 31 (19.62%) Hedge funds
6 30 (18.99%) Greenfield Project
7 16 (10.13%) Credit Risk
8 9 (5.70%) Exotic Derivative
9 8 (5.06%) Equity Derivative
9 8 (5.06%) Video\Live Streaming
10 6 (3.80%) Linux Command Line
11 4 (2.53%) Cloud Native
11 4 (2.53%) Hybrid Cloud
11 4 (2.53%) Public Cloud
11 4 (2.53%) Virtual Team
12 3 (1.90%) Management Information System
12 3 (1.90%) Taxonomies
13 2 (1.27%) Algorithms
14 1 (0.63%) Grid Computing
14 1 (0.63%) Hybrid Derivative
Operating Systems
1 7 (4.43%) Linux
2 3 (1.90%) Unix
3 1 (0.63%) Windows
Processes & Methodologies
1 73 (46.20%) Risk Management
2 66 (41.77%) Agile Software Development
3 36 (22.78%) Asset Management
3 36 (22.78%) TDD
4 32 (20.25%) Software Engineering
5 31 (19.62%) Analytics
6 30 (18.99%) Portfolio Management
7 25 (15.82%) Backtesting
7 25 (15.82%) Mathematics
8 19 (12.03%) Multithreading
8 19 (12.03%) Problem-Solving
9 16 (10.13%) Stakeholder Management
10 15 (9.49%) Low Latency
11 13 (8.23%) DevOps
12 12 (7.59%) Financial Modelling
12 12 (7.59%) Statistics
13 11 (6.96%) Machine Learning
14 10 (6.33%) Physics
14 10 (6.33%) PnL Attribution
14 10 (6.33%) Validation
Programming Languages
1 85 (53.80%) Python
2 61 (38.61%) Java
3 31 (19.62%) C++
4 30 (18.99%) JavaScript
5 15 (9.49%) SQL
6 13 (8.23%) VBA
7 11 (6.96%) C#
7 11 (6.96%) R
8 10 (6.33%) MATLAB
9 8 (5.06%) Scala
10 6 (3.80%) Shell Script
11 2 (1.27%) F#
11 2 (1.27%) Julia
12 1 (0.63%) Bash Shell
12 1 (0.63%) C
12 1 (0.63%) Perl
12 1 (0.63%) Ruby
Qualifications
1 16 (10.13%) Degree
2 9 (5.70%) Master's Degree
2 9 (5.70%) PhD
Quality Assurance & Compliance
1 12 (7.59%) Basel II
1 12 (7.59%) MiFID
2 11 (6.96%) Dodd-Frank
3 9 (5.70%) CRD IV
3 9 (5.70%) EMIR
4 5 (3.16%) Basel III
5 4 (2.53%) QA
6 1 (0.63%) Data Quality
System Software
1 9 (5.70%) Docker
2 8 (5.06%) Virtual Machines
3 1 (0.63%) Platform Symphony
Systems Management
1 14 (8.86%) Kubernetes
Vendors
1 20 (12.66%) Murex
2 7 (4.43%) Google
3 4 (2.53%) Bloomberg
4 3 (1.90%) Solace
5 2 (1.27%) Databricks
5 2 (1.27%) Oracle
5 2 (1.27%) Reuters
6 1 (0.63%) Sybase
6 1 (0.63%) TIBCO