The first table below looks at the demand 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 16 April 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Quality Assurance & Compliance category for the Edinburgh region.

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
16 Apr 2014
Same period 2013 Same period 2012
Solvency II
Rank 81 57 55
Rank change year-on-year
-24 -2
Contract jobs citing Solvency II 5 1 14
As % of all contract IT jobs located in Edinburgh 0.38% 0.13% 1.17%
As % of the Quality Assurance & Compliance category 7.35% 3.45% 21.21%
Number of daily rates quoted 3 1 12
Average daily rate £500 £350 £350
Average daily rate % change year-on-year
+42.85% -
90% offered a daily rate of more than £444 £350 £278
10% offered a daily rate of more than £540 £350 £680
UK excluding London average daily rate £451 £385 £475
% change year-on-year
+17.01% -18.94%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Quality Assurance & Compliance Category
Edinburgh
Contract IT job ads with a match in the
Quality Assurance & Compliance category
68 29 66
As % of all contract IT jobs located in Edinburgh 5.11% 3.84% 5.54%
Number of daily rates quoted 34 15 30
Average daily rate £330 £350 £325
Average daily rate % change year-on-year
-5.71% +7.69%
90% offered a daily rate of more than £260 £265 £240
10% offered a daily rate of more than £550 £485 £474
UK excluding London average daily rate £363 £325 £350
% change year-on-year
+11.53% -7.14%
Number of hourly rates quoted 1 3 0
Average hourly rate £12.50 £15.00 -
Average hourly rate % change year-on-year
-16.66% -
UK excluding London average hourly rate £18.00 £15.38 £16.50
% change year-on-year
+17.07% -6.81%
Solvency II
Scotland

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 16 April 2014.

Solvency II Daily Rate Histogram in Edinburgh

Solvency II
Top 15 Related IT Skills in Edinburgh

For the 6 months to 16 April 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 4 (80.00%) Finance
2 3 (60.00%) MiFID
2 3 (60.00%) Investment Management
2 3 (60.00%) Sarbanes-Oxley
2 3 (60.00%) Basel II
3 2 (40.00%) Stakeholder Management
3 2 (40.00%) Business Analysis
3 2 (40.00%) Data Governance
4 1 (20.00%) Data Quality
4 1 (20.00%) Retail Banking
4 1 (20.00%) Legal
4 1 (20.00%) Banking
4 1 (20.00%) Retail
4 1 (20.00%) General Ledger
4 1 (20.00%) Change Management

Solvency II
Top Related IT Skills in Edinburgh by Category

For the 6 months to 16 April 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.

General
1 4 (80.00%) Finance
2 1 (20.00%) Legal
2 1 (20.00%) Banking
2 1 (20.00%) Retail
2 1 (20.00%) General Ledger
2 1 (20.00%) Retail Banking
Job Titles
1 2 (40.00%) Programme Manager
1 2 (40.00%) Analyst
2 1 (20.00%) Data Analyst
2 1 (20.00%) PMO Manager
2 1 (20.00%) Solvency II Business Analyst
2 1 (20.00%) Business Analyst
Processes & Methodologies
1 3 (60.00%) Investment Management
2 2 (40.00%) Data Governance
2 2 (40.00%) Stakeholder Management
2 2 (40.00%) Business Analysis
3 1 (20.00%) Change Management
Quality Assurance & Compliance
1 3 (60.00%) Sarbanes-Oxley
1 3 (60.00%) Basel II
1 3 (60.00%) MiFID
2 1 (20.00%) Data Quality