Market Risk Contracts

Market Risk
UK

The table below looks at the prevalence of the term Market Risk in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Market Risk over the 6 months to 4 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
4 May 2024
Same period 2023 Same period 2022
Rank 504 439 687
Rank change year-on-year -65 +248 -142
Contract jobs citing Market Risk 87 293 167
As % of all contract jobs advertised in the UK 0.20% 0.50% 0.19%
As % of the Miscellaneous category 0.66% 1.49% 0.57%
Number of daily rates quoted 61 225 128
10th Percentile £513 £513 £550
25th Percentile £600 £613 £625
Median daily rate (50th Percentile) £775 £750 £700
Median % change year-on-year +3.33% +7.14% +3.70%
75th Percentile £850 £950 £781
90th Percentile £950 £990 £925
UK excluding London median daily rate £175 £385 £750
% change year-on-year -54.55% -48.67% +18.11%

All Generic Skills
UK

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

Contract vacancies with a requirement for generic IT skills 13,085 19,696 29,368
As % of all contract IT jobs advertised in the UK 30.32% 33.30% 33.10%
Number of daily rates quoted 8,418 13,533 20,480
10th Percentile £263 £308 £313
25th Percentile £413 £450 £438
Median daily rate (50th Percentile) £538 £550 £550
Median % change year-on-year -2.23% - +10.00%
75th Percentile £656 £678 £656
90th Percentile £798 £800 £763
UK excluding London median daily rate £500 £500 £475
% change year-on-year - +5.26% +11.76%
Number of hourly rates quoted 902 642 725
10th Percentile £12.25 £9.80 £14.25
25th Percentile £15.17 £10.63 £17.00
Median hourly rate £30.14 £22.49 £27.50
Median % change year-on-year +34.04% -18.24% +4.05%
75th Percentile £61.30 £64.44 £50.00
90th Percentile £70.00 £75.00 £66.00
UK excluding London median hourly rate £28.25 £22.00 £20.07
% change year-on-year +28.41% +9.64% -16.40%

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
Contractor Daily Rate Trend

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

Daily rate trend for Market Risk in the UK

Market Risk
Daily Rate Histogram

Daily rate distribution for jobs citing Market Risk over the 6 months to 4 May 2024.

Daily rate histogram for Market Risk in the UK

Market Risk
Contractor Hourly Rate Trend

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

Hourly rate trend for Market Risk in the UK

Market Risk
Top 5 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Market Risk within the UK over the 6 months to 4 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
London -73 82 £788 +1.61% 36
England -81 82 £788 +5.00% 37
Work from Home +70 23 £675 -15.63% 9
UK excluding London +63 5 £175 -54.55% 1
Scotland +44 5 £175 -

Market Risk
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 11 (12.64%) MTS
2 2 (2.30%) Apache Spark
3 1 (1.15%) Confluence
Applications
1 5 (5.75%) Microsoft Excel
Business Applications
1 12 (13.79%) Endur
2 11 (12.64%) Aligne
2 11 (12.64%) EuroRunner
3 2 (2.30%) SAP GTS
4 1 (1.15%) Orchestrade
Cloud Services
1 19 (21.84%) Power Platform
2 10 (11.49%) Azure
3 7 (8.05%) AWS
3 7 (8.05%) Serverless
4 5 (5.75%) Amazon S3
4 5 (5.75%) AWS Lambda
5 4 (4.60%) Amazon EC2
5 4 (4.60%) Amazon EKS
6 3 (3.45%) Azure DevOps
7 2 (2.30%) Azure Data Factory
7 2 (2.30%) Azure Pipelines
7 2 (2.30%) Azure Synapse Analytics
8 1 (1.15%) Amazon MSK
Communications & Networking
1 1 (1.15%) Firewall
Database & Business Intelligence
1 19 (21.84%) Power BI
2 8 (9.20%) SQL Server
3 6 (6.90%) Relational Database
4 5 (5.75%) Oracle Database
4 5 (5.75%) Oracle Exadata
5 4 (4.60%) Data Mart
5 4 (4.60%) Data Warehouse
5 4 (4.60%) Delta Lake
5 4 (4.60%) Star Schema
6 2 (2.30%) Azure SQL Data Warehouse
6 2 (2.30%) Azure SQL Database
6 2 (2.30%) Hadoop
7 1 (1.15%) Big Data
Development Applications
1 6 (6.90%) Git
2 5 (5.75%) JIRA
3 4 (4.60%) Bitbucket
3 4 (4.60%) Sourcetree
4 2 (2.30%) Jenkins
4 2 (2.30%) SpecFlow
4 2 (2.30%) Visual Studio
General
1 38 (43.68%) Finance
2 35 (40.23%) Social Skills
3 30 (34.48%) Banking
4 23 (26.44%) Front Office
5 22 (25.29%) Analytical Skills
6 14 (16.09%) Investment Banking
7 8 (9.20%) Presentation Skills
8 6 (6.90%) Back Office
9 4 (4.60%) Legal
10 3 (3.45%) Inclusion and Diversity
10 3 (3.45%) Retail Banking
11 2 (2.30%) Marketing
12 1 (1.15%) Public Sector
12 1 (1.15%) Publishing
12 1 (1.15%) Retail
Job Titles
1 28 (32.18%) Analyst
2 27 (31.03%) Developer
3 19 (21.84%) Business Analyst
4 12 (13.79%) Senior
5 10 (11.49%) Python Developer
5 10 (11.49%) Risk Analyst
6 8 (9.20%) Java Developer
6 8 (9.20%) Market Risk Developer
6 8 (9.20%) Senior Developer
7 7 (8.05%) Risk Business Analyst
7 7 (8.05%) SQL Developer
8 6 (6.90%) Quantitative Developer
9 5 (5.75%) Azure Engineer
9 5 (5.75%) Project Manager
10 4 (4.60%) Market Risk Analyst
10 4 (4.60%) Market Risk Business Analyst
10 4 (4.60%) Risk Manager
10 4 (4.60%) Senior Java Developer
11 3 (3.45%) Operations Analyst
11 3 (3.45%) Report Analyst
Libraries, Frameworks & Software Standards
1 11 (12.64%) .NET
2 5 (5.75%) Kafka
3 4 (4.60%) PySpark
4 2 (2.30%) .NET Framework
4 2 (2.30%) Angular 2
4 2 (2.30%) AngularJS
4 2 (2.30%) Blazor
4 2 (2.30%) Entity Framework
4 2 (2.30%) HTML
4 2 (2.30%) HTML5
4 2 (2.30%) Java Concurrency
4 2 (2.30%) React
4 2 (2.30%) Redux
4 2 (2.30%) Unity DI Container
4 2 (2.30%) Web Services
5 1 (1.15%) Gherkin
5 1 (1.15%) Middleware
5 1 (1.15%) ODBC
5 1 (1.15%) Shiny
Miscellaneous
1 18 (20.69%) Credit Risk
2 9 (10.34%) Renewable Energy
3 8 (9.20%) Solar Panel
4 7 (8.05%) Derivative
5 5 (5.75%) Data Centre
6 4 (4.60%) DTCC
7 3 (3.45%) Equities
7 3 (3.45%) Foreign Exchange (FX)
8 2 (2.30%) Equity Derivative
8 2 (2.30%) Hedge funds
8 2 (2.30%) Reinsurance
8 2 (2.30%) Replication
9 1 (1.15%) Blog
9 1 (1.15%) Fixed Income
9 1 (1.15%) Management Information System
9 1 (1.15%) Taxonomies
Operating Systems
1 5 (5.75%) Unix
2 4 (4.60%) Linux
Processes & Methodologies
1 34 (39.08%) Agile
2 19 (21.84%) Business Intelligence
2 19 (21.84%) Risk Management
3 18 (20.69%) DevOps
4 17 (19.54%) Problem-Solving
5 15 (17.24%) Project Delivery
6 12 (13.79%) Data Analysis
7 11 (12.64%) Change Management
7 11 (12.64%) Computer Science
7 11 (12.64%) ETRM
8 10 (11.49%) Project Management
9 9 (10.34%) Business Strategy
9 9 (10.34%) OO
9 9 (10.34%) Software Engineering
9 9 (10.34%) Test Strategy
9 9 (10.34%) User Acceptance Testing
10 8 (9.20%) Analytics
10 8 (9.20%) Mathematics
10 8 (9.20%) Process Improvement
10 8 (9.20%) Translating Business Requirements
Programming Languages
1 43 (49.43%) SQL
2 22 (25.29%) Python
3 19 (21.84%) C#
4 13 (14.94%) Java
5 4 (4.60%) Scala
6 2 (2.30%) Haskell
7 1 (1.15%) Jython
7 1 (1.15%) R
7 1 (1.15%) VBA
Qualifications
1 11 (12.64%) Degree
2 7 (8.05%) Computer Science Degree
3 2 (2.30%) Master's Degree
3 2 (2.30%) Numerate Degree
Quality Assurance & Compliance
1 3 (3.45%) PMO
2 1 (1.15%) Basel II
2 1 (1.15%) Data Quality
2 1 (1.15%) QA
System Software
1 6 (6.90%) Docker
Systems Management
1 5 (5.75%) Oracle Enterprise Manager
Vendors
1 15 (17.24%) Microsoft
2 11 (12.64%) Oracle
3 4 (4.60%) Databricks
3 4 (4.60%) Murex
4 2 (2.30%) Salesforce
4 2 (2.30%) SAP
5 1 (1.15%) Barracuda Networks
5 1 (1.15%) Bloomberg
5 1 (1.15%) OpenLink
5 1 (1.15%) Trayport