The table below looks at the statistics for Solvency II skills in IT contracts advertised for the Scotland region. Included is a guide to the average contractor rates offered in IT contracts that have cited Solvency II over the 3 months to 29 August 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
29 Aug 2014
Same period 2013 Same period 2012
Solvency II
Rank 125 - 104
Rank change year-on-year
- 0
Contract jobs citing Solvency II 4 0 5
As % of all contract IT jobs located in Scotland 0.14% - 0.19%
As % of the Quality Assurance & Compliance category 2.31% - 2.76%
Number of daily rates quoted 2 0 1
Average daily rate
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£450 - £363
UK excluding London average daily rate £456 £445 £418
% change year-on-year
+2.52% +6.58%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Solvency II
UK

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 Scotland region.

Quality Assurance & Compliance Category
Scotland
Contract IT job ads with a match in the
Quality Assurance & Compliance category
173 139 181
As % of all contract IT jobs located in Scotland 6.19% 5.67% 6.81%
Number of daily rates quoted 81 56 56
Average daily rate £401 £350 £338
Average daily rate % change year-on-year
+14.64% +3.70%
90% offered a daily rate of more than £252 £205 £225
10% offered a daily rate of more than £543 £525 £425
UK excluding London average daily rate £375 £360 £360
% change year-on-year
+4.16% -
Number of hourly rates quoted 5 10 26
Average hourly rate £15.77 £9.25 £12.42
Average hourly rate % change year-on-year
+70.48% -25.52%
90% offered a hourly rate of more than £11.50 £8.60 £9.50
10% offered a hourly rate of more than £75.50 £35.20 £26.30
UK excluding London average hourly rate £19.75 £17.50 £21.25
% change year-on-year
+12.85% -17.64%

Solvency II
Jobs Demand Trend in Scotland

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

Solvency II Jobs Demand Trend in Scotland

Solvency II
Daily Rate Trend in Scotland

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

Solvency II Daily Rate Trend in Scotland

Solvency II
Daily Rate Histogram in Scotland

This chart provides a histogram of daily rates quoted in contract IT jobs citing Solvency II across the Scotland region over the 3 months to 29 August 2014.

Solvency II Daily Rate Histogram in Scotland

Solvency II
Top 27 Related IT Skills in Scotland

For the 6 months to 29 August 2014, IT contractor jobs across the Scotland 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 9 (90.00%) Finance
2 4 (40.00%) Stakeholder Management
2 4 (40.00%) Investment Management
3 3 (30.00%) Business Analysis
3 3 (30.00%) MiFID
3 3 (30.00%) Change Management
3 3 (30.00%) Sarbanes-Oxley
3 3 (30.00%) Basel II
4 2 (20.00%) Oracle
4 2 (20.00%) SQL Server
4 2 (20.00%) Project Management
4 2 (20.00%) Degree
4 2 (20.00%) Banking
4 2 (20.00%) Asset Management
4 2 (20.00%) Data Governance
4 2 (20.00%) User Acceptance Testing
5 1 (10.00%) Data Quality
5 1 (10.00%) Root Cause Analysis
5 1 (10.00%) Markit EDM
5 1 (10.00%) General Ledger
5 1 (10.00%) Legal
5 1 (10.00%) Migration
5 1 (10.00%) Wealth Management
5 1 (10.00%) Credit Risk
5 1 (10.00%) Equities
5 1 (10.00%) Data Warehouse
5 1 (10.00%) Data Modelling

Solvency II
Top Related IT Skills in Scotland by Category

For the 6 months to 29 August 2014, IT contractor jobs across the Scotland 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 (10.00%) Markit EDM
Database & Business Intelligence
1 2 (20.00%) SQL Server
2 1 (10.00%) Data Warehouse
General
1 9 (90.00%) Finance
2 2 (20.00%) Banking
3 1 (10.00%) General Ledger
3 1 (10.00%) Legal
Job Titles
1 5 (50.00%) Project Manager
2 4 (40.00%) Analyst
3 3 (30.00%) Business Analyst
4 2 (20.00%) Programme Manager
4 2 (20.00%) Contracts Manager
5 1 (10.00%) Business Project Manager
5 1 (10.00%) Business Manager
5 1 (10.00%) Senior Business Manager
5 1 (10.00%) Solvency II Business Analyst
5 1 (10.00%) Solvency II Project Manager
5 1 (10.00%) Senior Manager
5 1 (10.00%) Senior Business Analyst
5 1 (10.00%) Senior Analyst
5 1 (10.00%) Data Analyst
5 1 (10.00%) Senior Project Manager
Miscellaneous
1 1 (10.00%) Equities
1 1 (10.00%) Credit Risk
Processes & Methodologies
1 4 (40.00%) Stakeholder Management
1 4 (40.00%) Investment Management
2 3 (30.00%) Business Analysis
2 3 (30.00%) Change Management
3 2 (20.00%) Project Management
3 2 (20.00%) Asset Management
3 2 (20.00%) Data Governance
3 2 (20.00%) User Acceptance Testing
4 1 (10.00%) Root Cause Analysis
4 1 (10.00%) Wealth Management
4 1 (10.00%) Data Modelling
4 1 (10.00%) Migration
Qualifications
1 2 (20.00%) Degree
Quality Assurance & Compliance
1 3 (30.00%) Sarbanes-Oxley
1 3 (30.00%) Basel II
1 3 (30.00%) MiFID
2 1 (10.00%) Data Quality
Vendors
1 2 (20.00%) Oracle
Edinburgh, Midlothian
Cathcart Associates Ltd
Rate: £350 - £450 per day
Posted: 2 days ago