The table below looks at the statistics for Solvency II skills in IT contracts advertised for the Edinburgh region. Included is a guide to the average contractor rates offered in IT contracts that have cited Solvency II over the 3 months to 30 September 2014 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
30 Sep 2014
Same period 2013 Same period 2012
Solvency II
Rank 74 - 60
Rank change year-on-year
- 0
Contract jobs citing Solvency II 4 0 2
As % of all contract IT jobs located in Edinburgh 0.33% - 0.19%
As % of the Quality Assurance & Compliance category 4.17% - 3.17%
Number of daily rates quoted 2 0 1
Average daily rate
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£450 - £363
UK excluding London average daily rate £491 £475 £425
% change year-on-year
+3.42% +11.76%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Solvency II
Scotland

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised in the Edinburgh region.

Quality Assurance & Compliance Category
Edinburgh
Contract IT job ads with a match in the
Quality Assurance & Compliance category
96 68 63
As % of all contract IT jobs located in Edinburgh 7.88% 5.81% 5.98%
Number of daily rates quoted 52 23 33
Average daily rate £425 £380 £340
Average daily rate % change year-on-year
+11.84% +11.76%
90% offered a daily rate of more than £288 £280 £140
10% offered a daily rate of more than £545 £450 £450
UK excluding London average daily rate £375 £350 £375
% change year-on-year
+7.14% -6.66%
Number of hourly rates quoted 4 1 8
Average hourly rate £13.89 £5.00 £12.42
Average hourly rate % change year-on-year
+177.70% -59.74%
90% offered a hourly rate of more than £11.30 £5.00 £9.70
10% offered a hourly rate of more than £15.77 £5.00 £18.45
UK excluding London average hourly rate £20.00 £17.50 £20.00
% change year-on-year
+14.28% -12.50%

Solvency II
Jobs Demand Trend in Edinburgh

This chart provides a 3-month moving total of IT contractor jobs citing Solvency II across the Edinburgh region as a proportion of the total demand within the Quality Assurance & Compliance category.

Solvency II Jobs Demand Trend in Edinburgh

Solvency II
Daily Rate Trend in Edinburgh

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Solvency II across the Edinburgh region.

Solvency II Daily Rate Trend in Edinburgh

Solvency II
Daily Rate Histogram in Edinburgh

This chart provides a histogram of daily rates quoted in contract IT jobs citing Solvency II across the Edinburgh region over the 3 months to 30 September 2014.

Solvency II Daily Rate Histogram in Edinburgh

Solvency II
Top 19 Related IT Skills in Edinburgh

For the 6 months to 30 September 2014, IT contractor jobs across the Edinburgh region citing Solvency II also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Solvency II.

1 5 (83.33%) Finance
2 3 (50.00%) Change Management
2 3 (50.00%) Stakeholder Management
3 2 (33.33%) Banking
3 2 (33.33%) Asset Management
3 2 (33.33%) Project Management
3 2 (33.33%) Oracle
3 2 (33.33%) SQL Server
3 2 (33.33%) User Acceptance Testing
3 2 (33.33%) Degree
4 1 (16.67%) Wealth Management
4 1 (16.67%) Credit Risk
4 1 (16.67%) Investment Management
4 1 (16.67%) Markit EDM
4 1 (16.67%) Data Warehouse
4 1 (16.67%) General Ledger
4 1 (16.67%) Equities
4 1 (16.67%) Legal
4 1 (16.67%) Migration

Solvency II
Top Related IT Skills in Edinburgh by Category

For the 6 months to 30 September 2014, IT contractor jobs across the Edinburgh region citing Solvency II also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Solvency II. Up to 20 skills are shown per category.

Business Applications
1 1 (16.67%) Markit EDM
Database & Business Intelligence
1 2 (33.33%) SQL Server
2 1 (16.67%) Data Warehouse
General
1 5 (83.33%) Finance
2 2 (33.33%) Banking
3 1 (16.67%) General Ledger
3 1 (16.67%) Legal
Job Titles
1 4 (66.67%) Project Manager
2 2 (33.33%) Contracts Manager
3 1 (16.67%) Solvency II Project Manager
3 1 (16.67%) Business Analyst
3 1 (16.67%) Programme Manager
3 1 (16.67%) Analyst
Miscellaneous
1 1 (16.67%) Equities
1 1 (16.67%) Credit Risk
Processes & Methodologies
1 3 (50.00%) Change Management
1 3 (50.00%) Stakeholder Management
2 2 (33.33%) Asset Management
2 2 (33.33%) User Acceptance Testing
2 2 (33.33%) Project Management
3 1 (16.67%) Investment Management
3 1 (16.67%) Wealth Management
3 1 (16.67%) Migration
Qualifications
1 2 (33.33%) Degree
Vendors
1 2 (33.33%) Oracle