Credit Risk Modelling Contracts

Credit Risk Modelling
UK

The following table provides summary statistics for contract job vacancies with a requirement for Credit Risk Modelling skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Credit Risk Modelling over the 6 months to 1 June 2024 with a comparison to the same period in the previous 2 years.

6 months to
1 Jun 2024
Same period 2023 Same period 2022
Rank 569 679 829
Rank change year-on-year +110 +150 -110
Contract jobs citing Credit Risk Modelling 6 3 9
As % of all contract jobs advertised in the UK 0.014% 0.005% 0.010%
As % of the Processes & Methodologies category 0.016% 0.006% 0.011%
Number of daily rates quoted 4 2 8
10th Percentile £521 £952 £678
25th Percentile £533 £985 £775
Median daily rate (50th Percentile) £558 £1,080 £850
Median % change year-on-year -48.38% +27.06% +21.43%
75th Percentile £728 £1,185 £925
90th Percentile £981 £1,224 -
UK excluding London median daily rate £575 - £450

All Process and Methodology Skills
UK

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 contract job vacancies with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 36,802 50,277 79,372
As % of all contract IT jobs advertised in the UK 85.47% 89.69% 90.61%
Number of daily rates quoted 23,632 34,811 55,790
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% +9.18%
Number of hourly rates quoted 2,530 1,673 1,868
10th Percentile £12.75 £10.63 £12.50
25th Percentile £16.00 £15.72 £15.63
Median hourly rate £36.50 £36.25 £25.68
Median % change year-on-year +0.69% +41.16% +9.74%
75th Percentile £60.75 £65.00 £50.00
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% -4.76%

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
Contractor Daily Rate Trend

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

Daily rate trend for Credit Risk Modelling in the UK

Credit Risk Modelling
Daily Rate Histogram

Daily rate distribution for jobs citing Credit Risk Modelling over the 6 months to 1 June 2024.

Daily rate histogram for Credit Risk Modelling in the UK

Credit Risk Modelling
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 Credit Risk Modelling within the UK over the 6 months to 1 June 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
England +89 6 £558 -48.38% 22
London +96 5 £540 -50.00% 10
Work from Home - 3 £558 - 4
UK excluding London - 1 £575 - 10
South East - 1 £575 - 1

Credit Risk Modelling
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 2 (33.33%) SAS
1 2 (33.33%) SharePoint
Applications
1 2 (33.33%) Microsoft Excel
1 2 (33.33%) MS Visio
General
1 3 (50.00%) Finance
2 2 (33.33%) Banking
2 2 (33.33%) Influencing Skills
2 2 (33.33%) Retail
2 2 (33.33%) Social Skills
Job Titles
1 1 (16.67%) Auditor
1 1 (16.67%) C++ Developer
1 1 (16.67%) C++ Quantitative Developer
1 1 (16.67%) Consultant
1 1 (16.67%) Credit Risk Modeller
1 1 (16.67%) Data Consultant
1 1 (16.67%) Data Validation Consultant
1 1 (16.67%) Developer
1 1 (16.67%) Quantitative Developer
1 1 (16.67%) Validation Consultant
Miscellaneous
1 6 (100.00%) Credit Risk
2 1 (16.67%) Algorithms
2 1 (16.67%) Market Risk
Processes & Methodologies
1 4 (66.67%) Mathematics
1 4 (66.67%) Validation
2 3 (50.00%) Model Validation
2 3 (50.00%) Risk Management
2 3 (50.00%) Statistics
3 2 (33.33%) Analytics
3 2 (33.33%) Data Analysis
3 2 (33.33%) Data Validation
3 2 (33.33%) Economics
3 2 (33.33%) Operations Research
3 2 (33.33%) Physics
3 2 (33.33%) Stress Testing
4 1 (16.67%) Computer Science
4 1 (16.67%) Credit Risk Management
4 1 (16.67%) Data Modelling
4 1 (16.67%) Econometrics
4 1 (16.67%) Internal Audit
4 1 (16.67%) Quantitative Analysis
4 1 (16.67%) Quantitative Finance
4 1 (16.67%) Stakeholder Management
Programming Languages
1 3 (50.00%) C++
2 2 (33.33%) Python
2 2 (33.33%) SQL
Qualifications
1 3 (50.00%) Degree
2 2 (33.33%) Master's Degree
2 2 (33.33%) MBA
2 2 (33.33%) PhD
3 1 (16.67%) Computer Science Degree
Quality Assurance & Compliance
1 2 (33.33%) IFRS
1 2 (33.33%) IFRS 9
Vendors
1 2 (33.33%) CA