EMIR Contracts

European Market Infrastructure Regulation (EMIR)
UK

The following table provides summary statistics for contract job vacancies with a requirement for EMIR skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited EMIR 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 520 633 757
Rank change year-on-year +113 +124 -51
Contract jobs citing EMIR 55 49 81
As % of all contract jobs advertised in the UK 0.13% 0.087% 0.092%
As % of the Quality Assurance & Compliance category 0.92% 0.65% 0.70%
Number of daily rates quoted 48 40 74
10th Percentile £400 £623 £566
25th Percentile £563 £647 £650
Median daily rate (50th Percentile) £700 £750 £705
Median % change year-on-year -6.67% +6.38% +8.46%
75th Percentile £776 £775 £775
90th Percentile £803 £801 £831
UK excluding London median daily rate £475 - £310
Number of hourly rates quoted 0 1 0
Median hourly rate - £47.73 -
UK excluding London median hourly rate - £47.73 -

All Quality Assurance and Compliance Skills
UK

EMIR 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 5,992 7,585 11,578
As % of all contract IT jobs advertised in the UK 13.92% 13.53% 13.22%
Number of daily rates quoted 3,782 5,156 7,966
10th Percentile £280 £289 £300
25th Percentile £400 £413 £406
Median daily rate (50th Percentile) £510 £525 £518
Median % change year-on-year -2.86% +1.35% +9.05%
75th Percentile £625 £645 £625
90th Percentile £750 £750 £725
UK excluding London median daily rate £475 £486 £454
% change year-on-year -2.26% +7.17% +6.71%
Number of hourly rates quoted 406 244 308
10th Percentile £10.98 £13.29 £12.05
25th Percentile £13.20 £18.65 £16.25
Median hourly rate £22.42 £37.50 £28.12
Median % change year-on-year -40.21% +33.38% +33.88%
75th Percentile £47.81 £63.23 £49.44
90th Percentile £69.44 £77.50 £68.75
UK excluding London median hourly rate £18.97 £36.25 £22.00
% change year-on-year -47.67% +64.77% +6.41%

EMIR
Job Vacancy Trend

Job postings citing EMIR as a proportion of all IT jobs advertised.

Job vacancy trend for EMIR in the UK

EMIR
Contractor Daily Rate Trend

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

Daily rate trend for EMIR in the UK

EMIR
Daily Rate Histogram

Daily rate distribution for jobs citing EMIR over the 6 months to 1 June 2024.

Daily rate histogram for EMIR in the UK

EMIR
Contractor Hourly Rate Trend

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

Hourly rate trend for EMIR in the UK

EMIR
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 EMIR 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 +91 53 £700 -6.67% 18
London +98 52 £700 -6.67% 17
Work from Home +130 24 £625 -15.54% 7
UK excluding London +38 1 £475 - 1
North of England - 1 £475 -
North West - 1 £475 -

EMIR
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 6 (10.91%) Confluence
Applications
1 8 (14.55%) Microsoft Excel
2 6 (10.91%) Microsoft PowerPoint
2 6 (10.91%) MS Visio
Business Applications
1 8 (14.55%) ION MarketView
2 1 (1.82%) Bloomberg AIM
Cloud Services
1 1 (1.82%) Cloud Computing
Communications & Networking
1 7 (12.73%) FIX Connectivity
Database & Business Intelligence
1 7 (12.73%) SQL Server
2 1 (1.82%) Big Data
2 1 (1.82%) Hadoop
2 1 (1.82%) PostgreSQL
2 1 (1.82%) RDBMS
2 1 (1.82%) Relational Database
Development Applications
1 9 (16.36%) JIRA
2 6 (10.91%) TeamCity
General
1 30 (54.55%) Banking
2 18 (32.73%) Finance
3 13 (23.64%) Investment Banking
3 13 (23.64%) Social Skills
4 12 (21.82%) Analytical Skills
5 10 (18.18%) Front Office
6 3 (5.45%) Prime Brokerage
7 2 (3.64%) Synthetic Prime Brokerage
8 1 (1.82%) Inclusion and Diversity
Job Titles
1 35 (63.64%) Business Analyst
2 23 (41.82%) Analyst
3 17 (30.91%) Regulatory Business Analyst
4 10 (18.18%) Investment Banking Business Analyst
5 7 (12.73%) Developer
5 7 (12.73%) Electronic Trading Business Analyst
5 7 (12.73%) Report Developer
6 6 (10.91%) .NET Developer
6 6 (10.91%) FIX Business Analyst
6 6 (10.91%) Front Office Business Analyst
7 5 (9.09%) Report Analyst
8 4 (7.27%) Banking Analyst
8 4 (7.27%) Finance Business Analyst
8 4 (7.27%) Financial Analyst
8 4 (7.27%) Payments Analyst
8 4 (7.27%) Payments Business Analyst
8 4 (7.27%) Regulatory Reporting Business Analyst
9 3 (5.45%) Consultant
9 3 (5.45%) MiFID Business Analyst
10 2 (3.64%) Service Analyst
Libraries, Frameworks & Software Standards
1 8 (14.55%) XML
2 7 (12.73%) FIX Protocol
3 6 (10.91%) .NET
4 5 (9.09%) ASP.NET
5 1 (1.82%) FpML
Miscellaneous
1 14 (25.45%) Derivative
2 6 (10.91%) Fixed Income
3 4 (7.27%) Foreign Exchange (FX)
3 4 (7.27%) SWIFT Messaging Network
4 3 (5.45%) ASIC
4 3 (5.45%) Equities
5 2 (3.64%) Analytical Mindset
5 2 (3.64%) OTC Derivatives
6 1 (1.82%) DTCC
6 1 (1.82%) EFT
6 1 (1.82%) Equity Derivative
6 1 (1.82%) Hedge funds
6 1 (1.82%) Legacy Systems
6 1 (1.82%) Synthetic Equity
Operating Systems
1 8 (14.55%) Unix
Processes & Methodologies
1 9 (16.36%) Risk Management
1 9 (16.36%) Stakeholder Management
2 8 (14.55%) Data Modelling
3 7 (12.73%) Business Analysis
3 7 (12.73%) Electronic Trading
3 7 (12.73%) User Acceptance Testing
4 6 (10.91%) UML
5 5 (9.09%) Project Management
5 5 (9.09%) Regulatory Change
5 5 (9.09%) SDLC
6 4 (7.27%) Agile
6 4 (7.27%) System Integration Testing
7 3 (5.45%) Data Analysis
7 3 (5.45%) Data Mapping
7 3 (5.45%) Regulatory Compliance
7 3 (5.45%) Root Cause Analysis
7 3 (5.45%) Waterfall
7 3 (5.45%) Workshop Facilitation
8 2 (3.64%) Target Operating Model
8 2 (3.64%) User Experience
Programming Languages
1 24 (43.64%) SQL
2 6 (10.91%) C#
3 5 (9.09%) PL/SQL
4 1 (1.82%) Perl
Qualifications
1 6 (10.91%) Degree
Quality Assurance & Compliance
1 43 (78.18%) MiFID
2 24 (43.64%) Dodd-Frank
3 6 (10.91%) QA
4 4 (7.27%) SEPA
5 2 (3.64%) Data Quality
5 2 (3.64%) PMO
6 1 (1.82%) FATCA
Vendors
1 14 (25.45%) Bloomberg
2 9 (16.36%) ION Trading
3 7 (12.73%) MarketAxess
3 7 (12.73%) Tradeweb
4 6 (10.91%) Oracle
5 2 (3.64%) Refinitiv
5 2 (3.64%) Reuters
6 1 (1.82%) Charles River
6 1 (1.82%) Sybase