The table below looks at the statistics for Solvency II skills in IT contracts advertised for the City of London region. Included is a guide to the contractor rates offered in IT contracts that have cited Solvency II over the 3 months to 24 August 2016 with a comparison to the same period over 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.

3 months to
24 Aug 2016
Same period 2015 Same period 2014
Solvency II
Rank 143 170 190
Rank change year-on-year
+27 +20
Contract jobs citing Solvency II 30 35 10
As % of all contract IT jobs located in the City of London 0.85% 0.63% 0.17%
As % of the Quality Assurance & Compliance category 8.55% 7.00% 1.82%
Number of daily rates quoted 27 25 6
Median daily rate £450 £475 £525
Median daily rate % change year-on-year
-5.26% -9.52%
90% offered a daily rate of more than £365 £375 £450
10% offered a daily rate of more than £615 £770 £825
UK excluding London median daily rate £485 £528 £450
% change year-on-year
-8.05% +17.22%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
Solvency II
London

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 City of London region.

Quality Assurance & Compliance Category
City of London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
351 500 550
As % of all contract IT jobs located in the City of London 9.96% 9.05% 9.50%
Number of daily rates quoted 278 367 395
Median daily rate £475 £465 £450
Median daily rate % change year-on-year
+2.15% +3.33%
90% offered a daily rate of more than £325 £319 £300
10% offered a daily rate of more than £600 £602 £600
UK excluding London median daily rate £400 £400 £380
% change year-on-year
- +5.26%
Number of hourly rates quoted 2 6 8
Median hourly rate £52.75 £20.99 £18.00
Median hourly rate % change year-on-year
+151.31% +16.61%
90% offered a hourly rate of more than £26.55 £15.20 £12.14
10% offered a hourly rate of more than £78.95 £55.50 £29.05
UK excluding London median hourly rate £28.15 £25.00 £20.00
% change year-on-year
+12.60% +25.00%

Solvency II
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing Solvency II as a proportion of all IT contracts with a match in the Quality Assurance & Compliance category.

Solvency II Jobs Demand Trend in the City of London

Solvency II
Daily Rate Trend in the City of London

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

Solvency II Daily Rate Trend in the City of London

Solvency II
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Solvency II across the City of London region over the 3 months to 24 August 2016.

Solvency II Daily Rate Histogram in the City of London

Solvency II
Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Solvency II across the City of London region.

Solvency II Hourly Rate Trend in the City of London

Solvency II
Top 30 Related IT Skills in the City of London

For the 6 months to 24 August 2016, IT contractor jobs citing Solvency II 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 City of London region with a requirement for Solvency II.

1 25 (39.06%) Finance
2 20 (31.25%) SQL
3 12 (18.75%) Business Analysis
3 12 (18.75%) SQL Server
3 12 (18.75%) Data Warehouse
4 11 (17.19%) ETL
5 10 (15.63%) Microsoft
6 9 (14.06%) Test Scripting
6 9 (14.06%) Data Quality
7 8 (12.50%) Data Migration
7 8 (12.50%) SQL Server Integration Services
7 8 (12.50%) Data Analysis
7 8 (12.50%) MS Excel
7 8 (12.50%) Migration
8 6 (9.38%) Business Intelligence
8 6 (9.38%) Stakeholder Management
8 6 (9.38%) Analytical Skills
9 5 (7.81%) MS PowerPoint
9 5 (7.81%) Agile Software Development
9 5 (7.81%) Data Mining
9 5 (7.81%) MS Office
10 4 (6.25%) Data Modelling
10 4 (6.25%) Shell Script
10 4 (6.25%) Data Architecture
10 4 (6.25%) Unit Testing
10 4 (6.25%) SDLC
10 4 (6.25%) SQL Server Reporting Services
11 3 (4.69%) User Acceptance Testing
11 3 (4.69%) Process Improvement
11 3 (4.69%) Portfolio Management

Solvency II
Top Related IT Skills in the City of London 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 1 (1.56%) Confluence
Applications
1 8 (12.50%) MS Excel
2 5 (7.81%) MS Office
2 5 (7.81%) MS PowerPoint
3 1 (1.56%) MS Visio
Business Applications
1 1 (1.56%) Markit EDM
Database & Business Intelligence
1 12 (18.75%) Data Warehouse
1 12 (18.75%) SQL Server
2 8 (12.50%) SQL Server Integration Services
3 5 (7.81%) Data Mining
4 4 (6.25%) SQL Server Reporting Services
5 3 (4.69%) SQL Server Analysis Services
6 1 (1.56%) Enterprise Data Warehouse
6 1 (1.56%) Oracle Database
6 1 (1.56%) Power BI
6 1 (1.56%) QlikView
Development Applications
1 1 (1.56%) ERwin
1 1 (1.56%) FitNesse
1 1 (1.56%) JIRA
General
1 25 (39.06%) Finance
2 2 (3.13%) Advertising
2 2 (3.13%) Legal
3 1 (1.56%) Back Office
3 1 (1.56%) Banking
3 1 (1.56%) Investment Banking
Job Titles
1 37 (57.81%) Analyst
2 16 (25.00%) Business Analyst
3 13 (20.31%) Solvency II Business Analyst
4 10 (15.63%) Test Analyst
5 9 (14.06%) Architect
6 8 (12.50%) Developer
6 8 (12.50%) Insurance Business Analyst
7 7 (10.94%) Data Analyst
7 7 (10.94%) Project Manager
8 5 (7.81%) Business Test Analyst
8 5 (7.81%) Data Warehouse Developer
9 4 (6.25%) Data Architect
9 4 (6.25%) ETL Developer
9 4 (6.25%) SSIS Developer
10 3 (4.69%) Analyst Developer
10 3 (4.69%) Business Architect
10 3 (4.69%) Solvency II Project Manager
10 3 (4.69%) SQL Analyst
10 3 (4.69%) SQL Developer
10 3 (4.69%) Technical Analyst
Libraries, Frameworks & Software Standards
1 1 (1.56%) .NET
1 1 (1.56%) FpML
1 1 (1.56%) XML
Miscellaneous
1 6 (9.38%) Analytical Skills
2 2 (3.13%) Reinsurance
3 1 (1.56%) Computer Science
3 1 (1.56%) Credit Risk
3 1 (1.56%) Data Extraction
3 1 (1.56%) Virtual Team
3 1 (1.56%) Visualisation
Processes & Methodologies
1 12 (18.75%) Business Analysis
2 11 (17.19%) ETL
3 9 (14.06%) Test Scripting
4 8 (12.50%) Data Analysis
4 8 (12.50%) Data Migration
4 8 (12.50%) Migration
5 6 (9.38%) Business Intelligence
5 6 (9.38%) Stakeholder Management
6 5 (7.81%) Agile Software Development
7 4 (6.25%) Data Architecture
7 4 (6.25%) Data Modelling
7 4 (6.25%) SDLC
7 4 (6.25%) Unit Testing
8 3 (4.69%) Change Management
8 3 (4.69%) Portfolio Management
8 3 (4.69%) Process Improvement
8 3 (4.69%) Project Management
8 3 (4.69%) Test Planning
8 3 (4.69%) User Acceptance Testing
9 2 (3.13%) GAP Analysis
Programming Languages
1 20 (31.25%) SQL
2 4 (6.25%) Shell Script
3 2 (3.13%) T-SQL
4 1 (1.56%) VBA
Qualifications
1 1 (1.56%) ACCA
1 1 (1.56%) CIMA
1 1 (1.56%) Degree
1 1 (1.56%) ISEB
1 1 (1.56%) ISEB Practitioner
Quality Assurance & Compliance
1 9 (14.06%) Data Quality
2 1 (1.56%) GAAP
2 1 (1.56%) QA
Systems Management
1 1 (1.56%) HP Quality Center
Vendors
1 10 (15.63%) Microsoft
2 1 (1.56%) Bloomberg
2 1 (1.56%) Cognos
2 1 (1.56%) HP
2 1 (1.56%) Oracle
2 1 (1.56%) Tableau
City, London
JM
Rate: £451 per day
Posted: 6 days ago
City, London
Eames Consulting
Rate: £400 - £550 per day
Posted: 6 days ago