Period
to 21 February 2019

The following table provides summary statistics for contract job vacancies advertised in Scotland with a requirement for IFRS 9 skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited IFRS 9 over the 6 months to 21 February 2019 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.

IFRS 9 Financial Instruments
UK > Scotland
6 months to
21 Feb 2019
Same period 2018 Same period 2017
Rank 177 188 166
Rank change year-on-year +11 -22 +30
Contract jobs citing IFRS 9 7 1 4
As % of all contract IT jobs advertised in Scotland 0.15% 0.020% 0.11%
As % of the Quality Assurance & Compliance category 1.21% 0.14% 0.94%
Number of daily rates quoted 4 0 3
Scotland median daily rate £350 - £525
10th Percentile £322 - £433
90th Percentile £404 - £648
UK median daily rate £600 £550 £500
% change year-on-year +9.09% +10.00% -
Number of hourly rates quoted 0 0 0
Scotland median hourly rate - - -
UK median hourly rate - £40.00 -

IFRS 9 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 579 736 425
As % of all contract IT jobs advertised in Scotland 12.44% 14.98% 11.32%
Number of daily rates quoted 306 447 241
Scotland median daily rate £388 £375 £363
Median daily rate % change year-on-year +3.47% +3.45% +3.57%
10th Percentile £171 £190 £149
90th Percentile £581 £530 £488
UK median daily rate £450 £440 £425
% change year-on-year +2.27% +3.53% +6.25%
Number of hourly rates quoted 24 25 14
Scotland median hourly rate £20.00 £25.00 £25.00
Median hourly rate % change year-on-year -20.00% - +13.64%
10th Percentile £11.95 £13.90 £16.78
90th Percentile £35.00 £48.67 £40.43
UK median hourly rate £21.00 £21.11 £21.50
% change year-on-year -0.53% -1.83% -15.69%

IFRS 9
Job Vacancy Trend in Scotland

Job postings citing IFRS 9 as a percentage of all IT jobs advertised in Scotland.

Job vacancy trend for IFRS 9 in Scotland

IFRS 9
Contractor Daily Rate Trend in Scotland

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing IFRS 9 in Scotland.

Contractor daily rate trend for IFRS 9 in Scotland

IFRS 9
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 IFRS 9 within the Scotland region over the 6 months to 21 February 2019. 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 +20 7 £350 - 2
IFRS 9
UK

For the 6 months to 21 February 2019, IT contractor jobs citing IFRS 9 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 Scotland region with a requirement for IFRS 9.

1 7 (100.00%) IFRS
2 6 (85.71%) Banking
3 5 (71.43%) SAS
4 4 (57.14%) Finance
5 3 (42.86%) SQL
6 2 (28.57%) Stakeholder Management
6 2 (28.57%) Risk Management
6 2 (28.57%) Analytical Skills
7 1 (14.29%) Virtual Team Management
7 1 (14.29%) Virtual Team
7 1 (14.29%) Remediation Plan
7 1 (14.29%) Decision-Making
7 1 (14.29%) Problem-Solving
7 1 (14.29%) Technical Leadership
7 1 (14.29%) C
7 1 (14.29%) C++
7 1 (14.29%) Java
7 1 (14.29%) Validation
7 1 (14.29%) VBA
7 1 (14.29%) Postgraduate
7 1 (14.29%) Microsoft Excel
7 1 (14.29%) BusinessObjects
7 1 (14.29%) SPSS
7 1 (14.29%) MATLAB
7 1 (14.29%) Basel II
7 1 (14.29%) Economics
7 1 (14.29%) Statistics
7 1 (14.29%) Retail Banking
7 1 (14.29%) Operations Research
7 1 (14.29%) Project Planning

IFRS 9
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:

Application Platforms
1 5 (71.43%) SAS
Applications
1 1 (14.29%) EViews
1 1 (14.29%) Microsoft Excel
1 1 (14.29%) SPSS
Database & Business Intelligence
1 1 (14.29%) Base SAS
1 1 (14.29%) BusinessObjects
General
1 6 (85.71%) Banking
2 4 (57.14%) Finance
3 1 (14.29%) Retail Banking
Job Titles
1 2 (28.57%) Analyst
1 2 (28.57%) Developer
2 1 (14.29%) Business Analyst
2 1 (14.29%) Credit Risk Manager
2 1 (14.29%) Lead Developer
2 1 (14.29%) Monitoring Analyst
2 1 (14.29%) Programme Manager
2 1 (14.29%) Regulatory Business Analyst
2 1 (14.29%) Report Manager
2 1 (14.29%) Risk Manager
2 1 (14.29%) SAS Developer
Miscellaneous
1 2 (28.57%) Analytical Skills
2 1 (14.29%) Credit Risk
2 1 (14.29%) Virtual Team
Processes & Methodologies
1 2 (28.57%) Risk Management
1 2 (28.57%) Stakeholder Management
2 1 (14.29%) Analytics
2 1 (14.29%) Continuous Improvement
2 1 (14.29%) Decision-Making
2 1 (14.29%) Economics
2 1 (14.29%) Mathematics
2 1 (14.29%) Operations Research
2 1 (14.29%) Problem-Solving
2 1 (14.29%) Project Planning
2 1 (14.29%) Quantitative Analysis
2 1 (14.29%) Remediation Plan
2 1 (14.29%) Statistics
2 1 (14.29%) Stress Testing
2 1 (14.29%) Technical Leadership
2 1 (14.29%) Time Management
2 1 (14.29%) Validation
2 1 (14.29%) Virtual Team Management
Programming Languages
1 3 (42.86%) SQL
2 1 (14.29%) C
2 1 (14.29%) C++
2 1 (14.29%) Java
2 1 (14.29%) MATLAB
2 1 (14.29%) R
2 1 (14.29%) VBA
Qualifications
1 1 (14.29%) Degree
1 1 (14.29%) Postgraduate
Quality Assurance & Compliance
1 7 (100.00%) IFRS
2 1 (14.29%) Basel II
2 1 (14.29%) Basel III