Quantitative Risk Management Contracts

Quantitative Risk Management (QRM)
UK

The following table provides summary statistics for contract job vacancies with a requirement for Quantitative Risk Management skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Quantitative Risk Management over the 6 months to 31 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
31 May 2024
Same period 2023 Same period 2022
Rank 566 - 841
Rank change year-on-year - - -133
Contract jobs citing Quantitative Risk Management 1 0 6
As % of all contract jobs advertised in the UK 0.002% - 0.007%
As % of the Processes & Methodologies category 0.003% - 0.008%
Number of daily rates quoted 1 0 3
10th Percentile - - £560
25th Percentile - - £613
Median daily rate (50th Percentile) £792 - £700
Median % change year-on-year - - +27.27%
75th Percentile - - £709
90th Percentile - - £715
UK excluding London median daily rate - - £700

All Process and Methodology Skills
UK

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

Contract vacancies with a requirement for process or methodology skills 36,764 50,288 79,415
As % of all contract IT jobs advertised in the UK 85.53% 89.69% 90.61%
Number of daily rates quoted 23,622 34,810 55,795
10th Percentile £300 £325 £345
25th Percentile £413 £438 £431
Median daily rate (50th Percentile) £525 £550 £538
Median % change year-on-year -4.55% +2.33% +7.50%
75th Percentile £638 £650 £644
90th Percentile £750 £750 £738
UK excluding London median daily rate £500 £500 £488
% change year-on-year - +2.56% +9.55%
Number of hourly rates quoted 2,524 1,667 1,882
10th Percentile £12.75 £10.63 £12.50
25th Percentile £16.00 £15.50 £15.63
Median hourly rate £36.50 £36.54 £25.68
Median % change year-on-year -0.11% +42.29% +9.46%
75th Percentile £60.75 £65.00 £49.50
90th Percentile £72.50 £75.00 £65.00
UK excluding London median hourly rate £38.12 £35.00 £20.00
% change year-on-year +8.91% +75.00% -4.99%

Quantitative Risk Management
Job Vacancy Trend

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

Job vacancy trend for Quantitative Risk Management in the UK

Quantitative Risk Management
Contractor Daily Rate Trend

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

Daily rate trend for Quantitative Risk Management in the UK

Quantitative Risk Management
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Quantitative Risk Management within the UK over the 6 months to 31 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 - 1 £792 - 3
England - 1 £792 - 4

Quantitative Risk Management
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 1 (100.00%) SAS
General
1 1 (100.00%) Back Office
1 1 (100.00%) Finance
1 1 (100.00%) Front Office
Job Titles
1 1 (100.00%) Analyst
1 1 (100.00%) Business Analyst
1 1 (100.00%) Treasury Business Analyst
Miscellaneous
1 1 (100.00%) SWIFT Messaging Network
Processes & Methodologies
1 1 (100.00%) Technology Transformation
Vendors
1 1 (100.00%) Bloomberg
1 1 (100.00%) FIS
1 1 (100.00%) Murex