Period
to 18 November 2017

The following table provides summary statistics for contract job vacancies advertised in Scotland with a requirement for FATCA skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited FATCA over the 6 months to 18 November 2017 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.

Foreign Account Tax Compliance Act (FATCA)
UK > Scotland
6 months to
18 Nov 2017
Same period 2016 Same period 2015
Rank 169 180 194
Rank change year-on-year +11 +14 -
Contract jobs citing FATCA 15 4 7
As % of all contract IT jobs advertised in Scotland 0.30% 0.091% 0.11%
As % of the Quality Assurance & Compliance category 2.10% 0.71% 0.86%
Number of daily rates quoted 9 1 6
Scotland median daily rate £425 £450 £400
Median daily rate % change year-on-year -5.56% +12.50% -
10th Percentile £345 £450 £351
90th Percentile £491 £450 £437
UK median daily rate £463 £550 £474
% change year-on-year -15.91% +16.03% -13.82%
Number of hourly rates quoted 0 0 0
Scotland median hourly rate - - -
UK median hourly rate - - £17.00

FATCA 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 Scotland with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
Scotland
Contract vacancies with a requirement for quality assurance or compliance skills 714 564 818
As % of all contract IT jobs advertised in Scotland 14.34% 12.88% 13.17%
Number of daily rates quoted 409 322 408
Scotland median daily rate £375 £360 £340
Median daily rate % change year-on-year +4.17% +5.88% -9.33%
10th Percentile £171 £153 £181
90th Percentile £550 £494 £488
UK median daily rate £438 £425 £405
% change year-on-year +2.94% +4.94% +1.25%
Number of hourly rates quoted 30 23 14
Scotland median hourly rate £18.63 £25.00 £33.75
Median hourly rate % change year-on-year -25.50% -25.93% +77.63%
10th Percentile £13.00 £16.25 £16.80
90th Percentile £45.05 £40.50 £42.63
UK median hourly rate £20.00 £22.84 £22.50
% change year-on-year -12.42% +1.49% +15.38%

FATCA
Job Vacancy Trend in Scotland

Job postings citing FATCA as a percentage of all IT jobs advertised in Scotland.

Job vacancy trend for FATCA in Scotland

FATCA
Contractor Daily Rate Trend in Scotland

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing FATCA in Scotland.

Contractor daily rate trend for FATCA in Scotland

FATCA
Contractor Daily Rate Histogram in Scotland

The daily rate distribution of IT jobs citing FATCA in Scotland over the 6 months to 18 November 2017.

Contractor daily rate histogram for FATCA in Scotland

FATCA
Contract Job Locations in Scotland

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing FATCA within the Scotland region over the 6 months to 18 November 2017. 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
Job
Vacancies
Edinburgh +6 14 £438 -
Glasgow -8 1 £275 -38.89% 1
FATCA
UK

For the 6 months to 18 November 2017, IT contractor jobs citing FATCA also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the Scotland region with a requirement for FATCA.

1 11 (73.33%) Finance
2 7 (46.67%) Banking
3 6 (40.00%) Migration
3 6 (40.00%) GDPR
4 5 (33.33%) Stakeholder Management
4 5 (33.33%) MiFID
4 5 (33.33%) Solvency II
5 3 (20.00%) Data Warehouse
5 3 (20.00%) Fixed Income
5 3 (20.00%) Test Management
5 3 (20.00%) Asset Management
5 3 (20.00%) Equities
5 3 (20.00%) Derivative
5 3 (20.00%) Retail Banking
5 3 (20.00%) Target Operating Model
5 3 (20.00%) Workflow
5 3 (20.00%) Case Management
6 2 (13.33%) Data Protection
6 2 (13.33%) EMIR
6 2 (13.33%) Data Privacy
6 2 (13.33%) Records Management
6 2 (13.33%) User Acceptance Testing
6 2 (13.33%) Data Governance
6 2 (13.33%) Test Strategy
6 2 (13.33%) Front Office
6 2 (13.33%) Financial Institution
7 1 (6.67%) Management Information System
7 1 (6.67%) Change Management
7 1 (6.67%) Project Management
7 1 (6.67%) Risk Management

FATCA
Co-occurring IT Skills in Scotland 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:

Database & Business Intelligence
1 3 (20.00%) Data Warehouse
General
1 11 (73.33%) Finance
2 7 (46.67%) Banking
3 3 (20.00%) Retail Banking
4 2 (13.33%) Financial Institution
4 2 (13.33%) Front Office
5 1 (6.67%) Investment Banking
Job Titles
1 7 (46.67%) Analyst
2 4 (26.67%) Business Analyst
2 4 (26.67%) Test Manager
3 3 (20.00%) Project Manager
3 3 (20.00%) Technical Analyst
4 2 (13.33%) Asset Management Analyst
4 2 (13.33%) Asset Management Business Analyst
4 2 (13.33%) Investment Management Business Analyst
4 2 (13.33%) MiFID Business Analyst
5 1 (6.67%) Asset Management Project Manager
5 1 (6.67%) GDPR Project Manager
5 1 (6.67%) Regulatory Business Analyst
5 1 (6.67%) Release Manager
5 1 (6.67%) Retail Banking Project Manager
Miscellaneous
1 3 (20.00%) Derivative
1 3 (20.00%) Equities
1 3 (20.00%) Fixed Income
2 1 (6.67%) Management Information System
Processes & Methodologies
1 6 (40.00%) Migration
2 5 (33.33%) Stakeholder Management
3 3 (20.00%) Asset Management
3 3 (20.00%) Case Management
3 3 (20.00%) Target Operating Model
3 3 (20.00%) Test Management
3 3 (20.00%) Workflow
4 2 (13.33%) Data Governance
4 2 (13.33%) Data Privacy
4 2 (13.33%) Data Protection
4 2 (13.33%) Records Management
4 2 (13.33%) Test Strategy
4 2 (13.33%) User Acceptance Testing
5 1 (6.67%) Business Analysis
5 1 (6.67%) Change Management
5 1 (6.67%) Dependency Management
5 1 (6.67%) Project Management
5 1 (6.67%) Risk Management
5 1 (6.67%) Scrum
5 1 (6.67%) Test Scripting
Quality Assurance & Compliance
1 6 (40.00%) GDPR
2 5 (33.33%) MiFID
2 5 (33.33%) Solvency II
3 2 (13.33%) EMIR
4 1 (6.67%) PSD2