IFRS 9 Contracts

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 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 562 671 824
Rank change year-on-year +109 +153 -122
Contract jobs citing IFRS 9 13 11 14
As % of all contract jobs advertised in the UK 0.030% 0.020% 0.016%
As % of the Quality Assurance & Compliance category 0.22% 0.15% 0.12%
Number of daily rates quoted 8 2 6
10th Percentile £386 £541 £550
25th Percentile £519 £555 £564
Median daily rate (50th Percentile) £588 £594 £613
Median % change year-on-year -1.05% -3.06% -2.00%
75th Percentile £600 £642 £619
90th Percentile - £662 £639
UK excluding London median daily rate £588 - £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 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%

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 1 June 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 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 +90 12 £600 +1.05% 28
UK excluding London +41 9 £588 - 11
South East - 8 £600 - 1
Work from Home +115 6 £575 - 5
London +92 3 - - 17
Scotland - 1 £415 - 2

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 7 (53.85%) SAS
Applications
1 1 (7.69%) Microsoft Excel
1 1 (7.69%) Spreadsheet
Cloud Services
1 1 (7.69%) Power Platform
Database & Business Intelligence
1 1 (7.69%) Power BI
General
1 8 (61.54%) Finance
2 4 (30.77%) Retail
3 3 (23.08%) Analytical Skills
4 2 (15.38%) Banking
5 1 (7.69%) Corporate Banking
5 1 (7.69%) General Ledger
5 1 (7.69%) Inclusion and Diversity
5 1 (7.69%) Social Skills
Job Titles
1 4 (30.77%) Analyst
2 3 (23.08%) Data Modeller
2 3 (23.08%) Developer
3 2 (15.38%) Credit Risk Modeller
3 2 (15.38%) Report Analyst
3 2 (15.38%) SAS Developer
3 2 (15.38%) SAS Modeller
4 1 (7.69%) Business Analyst
4 1 (7.69%) Credit Risk Developer
4 1 (7.69%) Credit Risk Manager
4 1 (7.69%) Data Analyst
4 1 (7.69%) Financial Analyst
4 1 (7.69%) Functional Analyst
4 1 (7.69%) Quantitative Developer
4 1 (7.69%) Risk Manager
4 1 (7.69%) Senior
4 1 (7.69%) Senior Analyst
4 1 (7.69%) Senior Financial Analyst
Miscellaneous
1 9 (69.23%) Credit Risk
2 1 (7.69%) Derivative
2 1 (7.69%) Equities
Processes & Methodologies
1 8 (61.54%) Stress Testing
2 7 (53.85%) Analytics
3 6 (46.15%) Data Modelling
4 5 (38.46%) Portfolio Management
4 5 (38.46%) Validation
5 3 (23.08%) Internal Audit
6 2 (15.38%) Credit Risk Modelling
6 2 (15.38%) Regulatory Compliance
6 2 (15.38%) Risk Management
7 1 (7.69%) Agile
7 1 (7.69%) Analytical Thinking
7 1 (7.69%) Business Analysis
7 1 (7.69%) Change Management
7 1 (7.69%) Data Analysis
7 1 (7.69%) Logistic Regression
7 1 (7.69%) Model Validation
7 1 (7.69%) Project Management
7 1 (7.69%) Quantitative Analysis
7 1 (7.69%) Scorecard
7 1 (7.69%) Stakeholder Management
Programming Languages
1 4 (30.77%) SQL
2 1 (7.69%) Java
Quality Assurance & Compliance
1 13 (100.00%) IFRS
2 2 (15.38%) Basel III
3 1 (7.69%) COREP
3 1 (7.69%) FINREP
3 1 (7.69%) IFRS 17
3 1 (7.69%) QA