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 16 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
16 May 2024
Same period 2023 Same period 2022
Rank 493 408 684
Rank change year-on-year -85 +276 -162
Contract jobs citing Market Risk 83 293 165
As % of all contract jobs advertised in the UK 0.20% 0.51% 0.19%
As % of the Miscellaneous category 0.64% 1.55% 0.57%
Number of daily rates quoted 57 224 127
10th Percentile £488 £513 £536
25th Percentile £600 £613 £625
Median daily rate (50th Percentile) £775 £750 £700
Median % change year-on-year +3.33% +7.14% +7.69%
75th Percentile £850 £950 £788
90th Percentile £960 £1,000 £924
UK excluding London median daily rate £153 £385 £750
% change year-on-year -60.39% -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 12,877 18,959 28,967
As % of all contract IT jobs advertised in the UK 30.26% 33.28% 33.12%
Number of daily rates quoted 8,295 13,044 20,250
10th Percentile £268 £313 £313
25th Percentile £413 £450 £438
Median daily rate (50th Percentile) £540 £550 £550
Median % change year-on-year -1.82% - +10.00%
75th Percentile £668 £676 £660
90th Percentile £800 £800 £763
UK excluding London median daily rate £500 £500 £475
% change year-on-year - +5.26% +9.83%
Number of hourly rates quoted 892 627 718
10th Percentile £12.25 £9.80 £14.25
25th Percentile £15.13 £10.63 £17.19
Median hourly rate £31.38 £22.49 £27.50
Median % change year-on-year +39.54% -18.24% +4.05%
75th Percentile £61.30 £63.75 £50.00
90th Percentile £70.00 £75.00 £66.00
UK excluding London median hourly rate £29.25 £22.00 £21.13
% change year-on-year +32.95% +4.14% -11.98%

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 16 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 16 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 -76 77 £800 +3.23% 38
England -79 77 £800 +6.67% 40
Work from Home +61 19 £750 -6.25% 12
UK excluding London +53 6 £153 -60.39% 2
Scotland +40 6 £153 -

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 (13.25%) MTS
2 2 (2.41%) Apache Spark
3 1 (1.20%) Confluence
Applications
1 7 (8.43%) Microsoft Excel
Business Applications
1 13 (15.66%) Endur
2 11 (13.25%) Aligne
2 11 (13.25%) EuroRunner
3 2 (2.41%) SAP GTS
4 1 (1.20%) Orchestrade
Cloud Services
1 19 (22.89%) Power Platform
2 9 (10.84%) Azure
3 8 (9.64%) AWS
3 8 (9.64%) Serverless
4 6 (7.23%) AWS Lambda
5 5 (6.02%) Amazon S3
6 4 (4.82%) Amazon EC2
6 4 (4.82%) Amazon EKS
7 3 (3.61%) Azure DevOps
8 2 (2.41%) Amazon MSK
8 2 (2.41%) Azure Data Factory
8 2 (2.41%) Azure Pipelines
8 2 (2.41%) Azure Synapse Analytics
Communications & Networking
1 2 (2.41%) Firewall
Database & Business Intelligence
1 19 (22.89%) Power BI
2 8 (9.64%) SQL Server
3 6 (7.23%) Relational Database
4 5 (6.02%) Oracle Database
4 5 (6.02%) Oracle Exadata
5 3 (3.61%) Data Mart
5 3 (3.61%) Data Warehouse
5 3 (3.61%) Delta Lake
5 3 (3.61%) Star Schema
6 2 (2.41%) Azure SQL Data Warehouse
6 2 (2.41%) Azure SQL Database
6 2 (2.41%) Hadoop
Development Applications
1 6 (7.23%) Git
2 5 (6.02%) JIRA
3 4 (4.82%) Bitbucket
3 4 (4.82%) Sourcetree
4 2 (2.41%) Jenkins
4 2 (2.41%) SpecFlow
4 2 (2.41%) Visual Studio
General
1 38 (45.78%) Finance
2 36 (43.37%) Social Skills
3 25 (30.12%) Banking
4 24 (28.92%) Front Office
5 23 (27.71%) Analytical Skills
6 14 (16.87%) Investment Banking
7 8 (9.64%) Presentation Skills
8 6 (7.23%) Back Office
9 5 (6.02%) Legal
10 4 (4.82%) Inclusion and Diversity
11 3 (3.61%) Retail Banking
12 2 (2.41%) Marketing
12 2 (2.41%) Publishing
13 1 (1.20%) Public Sector
13 1 (1.20%) Retail
Job Titles
1 28 (33.73%) Developer
2 27 (32.53%) Analyst
3 17 (20.48%) Business Analyst
4 12 (14.46%) Senior
5 10 (12.05%) Python Developer
6 8 (9.64%) Java Developer
6 8 (9.64%) Market Risk Developer
6 8 (9.64%) Risk Analyst
6 8 (9.64%) Senior Developer
7 7 (8.43%) SQL Developer
8 6 (7.23%) Quantitative Developer
9 5 (6.02%) Risk Business Analyst
10 4 (4.82%) Azure Engineer
10 4 (4.82%) Operations Analyst
10 4 (4.82%) Project Manager
10 4 (4.82%) Report Analyst
10 4 (4.82%) Senior Java Developer
11 3 (3.61%) .NET Developer
11 3 (3.61%) Cloud Developer
11 3 (3.61%) Risk Manager
Libraries, Frameworks & Software Standards
1 12 (14.46%) .NET
2 6 (7.23%) Kafka
3 3 (3.61%) PySpark
4 2 (2.41%) .NET Framework
4 2 (2.41%) Angular 2
4 2 (2.41%) AngularJS
4 2 (2.41%) Blazor
4 2 (2.41%) Entity Framework
4 2 (2.41%) HTML
4 2 (2.41%) HTML5
4 2 (2.41%) Java Concurrency
4 2 (2.41%) React
4 2 (2.41%) Redux
4 2 (2.41%) Unity DI Container
4 2 (2.41%) Web Services
5 1 (1.20%) Gherkin
5 1 (1.20%) Middleware
5 1 (1.20%) ODBC
5 1 (1.20%) Shiny
Miscellaneous
1 14 (16.87%) Credit Risk
2 9 (10.84%) Renewable Energy
3 8 (9.64%) Solar Panel
4 7 (8.43%) Derivative
5 5 (6.02%) Data Centre
5 5 (6.02%) DTCC
6 3 (3.61%) Equities
6 3 (3.61%) Foreign Exchange (FX)
7 2 (2.41%) Equity Derivative
7 2 (2.41%) Hedge funds
7 2 (2.41%) Reinsurance
7 2 (2.41%) Replication
8 1 (1.20%) Blog
8 1 (1.20%) Fixed Income
8 1 (1.20%) Management Information System
8 1 (1.20%) Taxonomies
Operating Systems
1 5 (6.02%) Unix
2 4 (4.82%) Linux
Processes & Methodologies
1 33 (39.76%) Agile
2 19 (22.89%) Business Intelligence
2 19 (22.89%) DevOps
3 18 (21.69%) Problem-Solving
4 17 (20.48%) Risk Management
5 14 (16.87%) Project Delivery
6 12 (14.46%) Computer Science
6 12 (14.46%) Data Analysis
7 11 (13.25%) ETRM
8 10 (12.05%) Change Management
9 9 (10.84%) Business Strategy
9 9 (10.84%) OO
9 9 (10.84%) Software Engineering
9 9 (10.84%) Test Strategy
9 9 (10.84%) User Acceptance Testing
10 8 (9.64%) Mathematics
10 8 (9.64%) Process Improvement
10 8 (9.64%) Translating Business Requirements
10 8 (9.64%) Use Case
11 7 (8.43%) Project Management
Programming Languages
1 42 (50.60%) SQL
2 22 (26.51%) Python
3 19 (22.89%) C#
4 13 (15.66%) Java
5 4 (4.82%) Scala
6 2 (2.41%) Haskell
6 2 (2.41%) VBA
7 1 (1.20%) Jython
7 1 (1.20%) R
Qualifications
1 12 (14.46%) Degree
2 8 (9.64%) Computer Science Degree
3 2 (2.41%) Master's Degree
3 2 (2.41%) Numerate Degree
Quality Assurance & Compliance
1 2 (2.41%) PMO
1 2 (2.41%) QA
2 1 (1.20%) Data Quality
System Software
1 6 (7.23%) Docker
Systems Management
1 5 (6.02%) Oracle Enterprise Manager
Vendors
1 15 (18.07%) Microsoft
2 11 (13.25%) Oracle
3 4 (4.82%) Murex
4 3 (3.61%) Databricks
5 2 (2.41%) Bloomberg
5 2 (2.41%) OpenLink
5 2 (2.41%) Salesforce
5 2 (2.41%) SAP
5 2 (2.41%) Trayport
6 1 (1.20%) Barracuda Networks