IFRS 9 Financial Instruments
UK

The following table provides summary statistics for contract job vacancies with a requirement for IFRS 9 skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited IFRS 9 over the 6 months to 18 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
18 May 2024
Same period 2023 Same period 2022
Rank 556 676 826
Rank change year-on-year +120 +150 -136
Contract jobs citing IFRS 9 15 11 18
As % of all contract jobs advertised in the UK 0.035% 0.019% 0.021%
As % of the Quality Assurance & Compliance category 0.25% 0.14% 0.15%
Number of daily rates quoted 9 2 8
10th Percentile £387 £558 £513
25th Percentile £563 £569 £592
Median daily rate (50th Percentile) £600 £600 £613
Median % change year-on-year - -2.04% -7.55%
75th Percentile - £644 £629
90th Percentile - £663 £709
UK excluding London median daily rate £600 - £613
% change year-on-year - - +27.60%

All Quality Assurance and Compliance Skills
UK

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 contract job vacancies with a requirement for quality assurance or compliance skills.

Contract vacancies with a requirement for quality assurance or compliance skills 6,035 7,620 11,627
As % of all contract IT jobs advertised in the UK 14.17% 13.38% 13.28%
Number of daily rates quoted 3,836 5,206 7,963
10th Percentile £281 £281 £300
25th Percentile £405 £413 £405
Median daily rate (50th Percentile) £510 £525 £515
Median % change year-on-year -2.86% +1.94% +8.42%
75th Percentile £625 £638 £625
90th Percentile £750 £743 £713
UK excluding London median daily rate £483 £480 £450
% change year-on-year +0.73% +6.56% +5.88%
Number of hourly rates quoted 381 239 306
10th Percentile £10.95 £13.29 £12.02
25th Percentile £13.18 £18.73 £16.31
Median hourly rate £21.00 £35.00 £31.00
Median % change year-on-year -40.00% +12.90% +47.62%
75th Percentile £45.00 £61.00 £50.00
90th Percentile £68.75 £77.50 £69.05
UK excluding London median hourly rate £18.27 £31.27 £22.29
% change year-on-year -41.57% +40.29% +6.14%

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
Contractor Daily Rate Trend

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

Daily rate trend for IFRS 9 in the UK

IFRS 9
Daily Rate Histogram

Daily rate distribution for jobs citing IFRS 9 over the 6 months to 18 May 2024.

Daily rate histogram for IFRS 9 in the UK

IFRS 9
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing IFRS 9 within the UK over the 6 months to 18 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
England +115 14 £600 - 22
UK excluding London +63 10 £600 - 5
South East - 9 £600 - 2
Work from Home +113 8 £588 - 4
London +98 4 - - 16
Scotland - 1 £415 -

IFRS 9
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 8 (53.33%) SAS
Applications
1 1 (6.67%) Microsoft Excel
1 1 (6.67%) Spreadsheet
Cloud Services
1 1 (6.67%) Azure
1 1 (6.67%) Dynamics 365
1 1 (6.67%) Power Platform
Database & Business Intelligence
1 1 (6.67%) Power BI
General
1 10 (66.67%) Finance
2 4 (26.67%) Retail
3 3 (20.00%) Analytical Skills
4 2 (13.33%) Banking
5 1 (6.67%) Corporate Banking
5 1 (6.67%) General Ledger
5 1 (6.67%) Inclusion and Diversity
5 1 (6.67%) Public Sector
5 1 (6.67%) Social Skills
Job Titles
1 4 (26.67%) Analyst
1 4 (26.67%) Data Modeller
2 3 (20.00%) Developer
2 3 (20.00%) SAS Modeller
3 2 (13.33%) Credit Risk Modeller
3 2 (13.33%) Report Analyst
3 2 (13.33%) SAS Developer
4 1 (6.67%) Credit Risk Developer
4 1 (6.67%) Credit Risk Manager
4 1 (6.67%) Data Analyst
4 1 (6.67%) Enterprise Architect
4 1 (6.67%) Enterprise Solutions Architect
4 1 (6.67%) Financial Analyst
4 1 (6.67%) Functional Analyst
4 1 (6.67%) Quantitative Developer
4 1 (6.67%) Risk Manager
4 1 (6.67%) Senior
4 1 (6.67%) Senior Analyst
4 1 (6.67%) Senior Financial Analyst
4 1 (6.67%) Solutions Architect
Miscellaneous
1 10 (66.67%) Credit Risk
2 1 (6.67%) Derivative
2 1 (6.67%) Equities
Processes & Methodologies
1 9 (60.00%) Stress Testing
2 8 (53.33%) Analytics
3 7 (46.67%) Data Modelling
4 6 (40.00%) Portfolio Management
5 5 (33.33%) Validation
6 3 (20.00%) Internal Audit
6 3 (20.00%) Risk Management
7 2 (13.33%) Credit Risk Modelling
7 2 (13.33%) Regulatory Compliance
8 1 (6.67%) Agile
8 1 (6.67%) Analytical Thinking
8 1 (6.67%) Architectural Design
8 1 (6.67%) Credit Risk Management
8 1 (6.67%) Data Analysis
8 1 (6.67%) Model Validation
8 1 (6.67%) Regulatory Change
8 1 (6.67%) Scorecard
8 1 (6.67%) SDLC
8 1 (6.67%) Stakeholder Management
8 1 (6.67%) TOGAF
Programming Languages
1 5 (33.33%) SQL
2 1 (6.67%) Java
Qualifications
1 1 (6.67%) Degree
1 1 (6.67%) SC Cleared
1 1 (6.67%) Security Cleared
1 1 (6.67%) TOGAF Certification
Quality Assurance & Compliance
1 15 (100.00%) IFRS
2 2 (13.33%) Basel III
3 1 (6.67%) COREP
3 1 (6.67%) FINREP
3 1 (6.67%) IFRS 17
3 1 (6.67%) QA