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 20 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
20 May 2024
Same period 2023 Same period 2022
Rank 565 683 844
Rank change year-on-year +118 +161 -164
Contract jobs citing IFRS 9 14 11 19
As % of all contract jobs advertised in the UK 0.033% 0.019% 0.022%
As % of the Quality Assurance & Compliance category 0.23% 0.14% 0.16%
Number of daily rates quoted 9 2 9
10th Percentile £387 £558 £525
25th Percentile £563 £569 £550
Median daily rate (50th Percentile) £600 £600 £613
Median % change year-on-year - -2.04% -7.55%
75th Percentile - £644 £619
90th Percentile - £663 £692
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 7,662 11,737
As % of all contract IT jobs advertised in the UK 14.19% 13.38% 13.29%
Number of daily rates quoted 3,843 5,232 8,045
10th Percentile £280 £281 £300
25th Percentile £402 £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 £480 £480 £450
% change year-on-year +0.10% +6.56% +5.88%
Number of hourly rates quoted 381 242 315
10th Percentile £10.95 £13.33 £12.03
25th Percentile £13.18 £18.71 £16.50
Median hourly rate £21.00 £35.00 £30.00
Median % change year-on-year -40.00% +16.67% +42.86%
75th Percentile £45.00 £61.50 £50.39
90th Percentile £68.75 £77.35 £68.93
UK excluding London median hourly rate £18.27 £31.89 £22.50
% change year-on-year -42.70% +41.71% +7.14%

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 20 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 20 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 +120 13 £600 - 22
UK excluding London +56 10 £600 - 5
South East - 9 £600 - 3
Work from Home +117 7 £588 - 4
London +99 3 - - 17
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 (57.14%) SAS
Applications
1 1 (7.14%) Microsoft Excel
1 1 (7.14%) Spreadsheet
Cloud Services
1 1 (7.14%) Power Platform
Database & Business Intelligence
1 1 (7.14%) Power BI
General
1 9 (64.29%) Finance
2 4 (28.57%) Retail
3 3 (21.43%) Analytical Skills
4 2 (14.29%) Banking
5 1 (7.14%) Corporate Banking
5 1 (7.14%) General Ledger
5 1 (7.14%) Inclusion and Diversity
5 1 (7.14%) Social Skills
Job Titles
1 4 (28.57%) Analyst
1 4 (28.57%) Data Modeller
2 3 (21.43%) Developer
2 3 (21.43%) SAS Modeller
3 2 (14.29%) Credit Risk Modeller
3 2 (14.29%) Report Analyst
3 2 (14.29%) SAS Developer
4 1 (7.14%) Business Analyst
4 1 (7.14%) Credit Risk Developer
4 1 (7.14%) Credit Risk Manager
4 1 (7.14%) Data Analyst
4 1 (7.14%) Financial Analyst
4 1 (7.14%) Functional Analyst
4 1 (7.14%) Quantitative Developer
4 1 (7.14%) Risk Manager
4 1 (7.14%) Senior
4 1 (7.14%) Senior Analyst
4 1 (7.14%) Senior Financial Analyst
Miscellaneous
1 10 (71.43%) Credit Risk
2 1 (7.14%) Derivative
2 1 (7.14%) Equities
Processes & Methodologies
1 9 (64.29%) Stress Testing
2 8 (57.14%) Analytics
3 7 (50.00%) Data Modelling
4 6 (42.86%) Portfolio Management
5 5 (35.71%) Validation
6 3 (21.43%) Internal Audit
7 2 (14.29%) Credit Risk Modelling
7 2 (14.29%) Regulatory Compliance
7 2 (14.29%) Risk Management
8 1 (7.14%) Agile
8 1 (7.14%) Analytical Thinking
8 1 (7.14%) Business Analysis
8 1 (7.14%) Change Management
8 1 (7.14%) Data Analysis
8 1 (7.14%) Logistic Regression
8 1 (7.14%) Model Validation
8 1 (7.14%) Project Management
8 1 (7.14%) Quantitative Analysis
8 1 (7.14%) Scorecard
8 1 (7.14%) Stakeholder Management
Programming Languages
1 5 (35.71%) SQL
2 1 (7.14%) Java
Quality Assurance & Compliance
1 14 (100.00%) IFRS
2 2 (14.29%) Basel III
3 1 (7.14%) COREP
3 1 (7.14%) FINREP
3 1 (7.14%) IFRS 17
3 1 (7.14%) QA