Period
to 9 December 2018

The following table provides summary statistics for contract job vacancies advertised in Edinburgh with a requirement for Solvency II skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Solvency II over the 6 months to 9 December 2018 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Solvency II
Scotland > Edinburgh
6 months to
9 Dec 2018
Same period 2017 Same period 2016
Rank 131 130 117
Rank change year-on-year -1 -13 +16
Contract jobs citing Solvency II 5 9 2
As % of all contract IT jobs advertised in Edinburgh 0.18% 0.31% 0.099%
As % of the Quality Assurance & Compliance category 1.52% 2.02% 0.74%
Number of daily rates quoted 4 7 2
Edinburgh median daily rate £500 £475 £700
Median daily rate % change year-on-year +5.26% -32.14% +115.38%
10th Percentile £432 £370 £508
90th Percentile £538 £495 £893
Scotland median daily rate £500 £450 £700
% change year-on-year +11.11% -35.71% +30.23%
Number of hourly rates quoted 0 0 0
Edinburgh median hourly rate - - -
Scotland median hourly rate - - -

Solvency II 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 advertised in Edinburgh with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
Edinburgh
Contract vacancies with a requirement for quality assurance or compliance skills 330 445 271
As % of all contract IT jobs advertised in Edinburgh 11.66% 15.31% 13.41%
Number of daily rates quoted 170 275 145
Edinburgh median daily rate £400 £400 £400
10th Percentile £204 £206 £155
90th Percentile £550 £570 £550
Scotland median daily rate £375 £375 £375
Number of hourly rates quoted 3 2 2
Edinburgh median hourly rate £17.00 £23.75 £27.75
Median hourly rate % change year-on-year -28.42% -14.41% -14.42%
10th Percentile £12.30 £13.63 £21.18
90th Percentile £31.50 £32.88 £38.73
Scotland median hourly rate £17.75 £18.63 £25.00
% change year-on-year -4.70% -25.50% -23.08%

Solvency II
Job Vacancy Trend in Edinburgh

Job postings citing Solvency II as a percentage of all IT jobs advertised in Edinburgh.

Job vacancy trend for Solvency II in Edinburgh

Solvency II
Contractor Daily Rate Trend in Edinburgh

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

Contractor daily rate trend for Solvency II in Edinburgh

For the 6 months to 9 December 2018, IT contractor jobs citing Solvency II also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the Edinburgh region with a requirement for Solvency II.

1 5 (100.00%) MiFID
2 4 (80.00%) Finance
3 3 (60.00%) Migration
3 3 (60.00%) Stakeholder Management
3 3 (60.00%) Fixed Income
3 3 (60.00%) Equities
3 3 (60.00%) Front Office
3 3 (60.00%) Asset Management
3 3 (60.00%) Derivative
3 3 (60.00%) FATCA
3 3 (60.00%) Target Operating Model
3 3 (60.00%) GDPR
4 2 (40.00%) User Acceptance Testing
5 1 (20.00%) Agile Software Development

Solvency II
Co-occurring IT Skills in Edinburgh by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

General
1 4 (80.00%) Finance
2 3 (60.00%) Front Office
Job Titles
1 3 (60.00%) Analyst
1 3 (60.00%) Asset Management Analyst
1 3 (60.00%) Asset Management Business Analyst
1 3 (60.00%) Business Analyst
1 3 (60.00%) Investment Management Business Analyst
2 2 (40.00%) Project Manager
Miscellaneous
1 3 (60.00%) Derivative
1 3 (60.00%) Equities
1 3 (60.00%) Fixed Income
Processes & Methodologies
1 3 (60.00%) Asset Management
1 3 (60.00%) Migration
1 3 (60.00%) Stakeholder Management
1 3 (60.00%) Target Operating Model
2 2 (40.00%) User Acceptance Testing
3 1 (20.00%) Agile Software Development
Quality Assurance & Compliance
1 5 (100.00%) MiFID
2 3 (60.00%) FATCA
2 3 (60.00%) GDPR