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 average contractor rates offered in IT contracts that have cited Solvency II over the 3 months to 30 July 2015 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
30 Jul 2015
Same period 2014 Same period 2013
Solvency II
Rank 174 192 207
Rank change year-on-year
+18 +15
Contract jobs citing Solvency II 37 12 7
As % of all contract IT jobs located in the City of London 0.63% 0.21% 0.098%
As % of the Quality Assurance & Compliance category 7.17% 2.51% 1.15%
Number of daily rates quoted 25 8 5
Average daily rate
Keep up to 90%
of your Daily Rate
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£450 £525 £518
Average daily rate % change year-on-year
-14.28% +1.44%
90% offered a daily rate of more than £375 £410 £400
10% offered a daily rate of more than £900 £775 £600
UK excluding London average daily rate £500 £450 £423
% change year-on-year
+11.11% +6.50%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average 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
516 478 609
As % of all contract IT jobs located in the City of London 8.73% 8.17% 8.56%
Number of daily rates quoted 394 338 455
Average daily rate £475 £475 £475
90% offered a daily rate of more than £323 £300 £311
10% offered a daily rate of more than £650 £600 £625
UK excluding London average daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 5 6 9
Average hourly rate £24.00 £17.50 £27.50
Average hourly rate % change year-on-year
+37.14% -36.36%
90% offered a hourly rate of more than £14.60 £11.32 £13.97
10% offered a hourly rate of more than £55.50 £31.75 £61.40
UK excluding London average hourly rate £21.53 £20.75 £17.50
% change year-on-year
+3.73% +18.57%

Solvency II
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Solvency II across the City of London region as a proportion of the total demand within 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 30 July 2015.

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 30 July 2015, IT contractor jobs across the City of London 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 42 (58.33%) Finance
2 29 (40.28%) SQL
3 24 (33.33%) Business Intelligence
4 23 (31.94%) Data Warehouse
5 22 (30.56%) ETL
6 19 (26.39%) Stakeholder Management
7 17 (23.61%) SQL Server
8 15 (20.83%) OLAP
8 15 (20.83%) SQL Server Reporting Services
9 14 (19.44%) Data Modelling
10 13 (18.06%) Oracle
10 13 (18.06%) SQL Server Integration Services
11 12 (16.67%) SQL Server Analysis Services
11 12 (16.67%) Migration
12 10 (13.89%) T-SQL
12 10 (13.89%) PL/SQL
12 10 (13.89%) Data Mart
13 9 (12.50%) Relational Database
14 8 (11.11%) Analytical Skills
14 8 (11.11%) User Acceptance Testing
14 8 (11.11%) Data Migration
14 8 (11.11%) Project Management
15 7 (9.72%) OLAP Cube
16 6 (8.33%) ETL Development
17 5 (6.94%) Risk Management
17 5 (6.94%) GAAP
17 5 (6.94%) Shell Script
17 5 (6.94%) VBA
17 5 (6.94%) UNIX
17 5 (6.94%) Cognos

Solvency II
Top Related IT Skills in the City of London by Category

For the 6 months to 30 July 2015, IT contractor jobs across the City of London 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.

Application Platforms
1 3 (4.17%) SharePoint
Applications
1 3 (4.17%) MS Project
1 3 (4.17%) MS Office
2 1 (1.39%) MS Excel
2 1 (1.39%) MS Visio
Business Applications
1 5 (6.94%) Cognos TM1
2 3 (4.17%) Cognos Business Intelligence
2 3 (4.17%) Oracle General Ledger
3 1 (1.39%) Markit EDM
3 1 (1.39%) Oracle Financials
Communications & Networking
1 1 (1.39%) DHCP
1 1 (1.39%) FTP
Database & Business Intelligence
1 23 (31.94%) Data Warehouse
2 17 (23.61%) SQL Server
3 15 (20.83%) OLAP
3 15 (20.83%) SQL Server Reporting Services
4 13 (18.06%) SQL Server Integration Services
5 12 (16.67%) SQL Server Analysis Services
6 10 (13.89%) Data Mart
7 9 (12.50%) Relational Database
8 7 (9.72%) OLAP Cube
9 3 (4.17%) Oracle Database
9 3 (4.17%) BusinessObjects
9 3 (4.17%) Oracle Reports
10 2 (2.78%) PowerCenter
11 1 (1.39%) RDBMS
11 1 (1.39%) SQL Server 2008
11 1 (1.39%) QlikView
Development Applications
1 3 (4.17%) Subversion
2 1 (1.39%) Visual Studio
General
1 42 (58.33%) Finance
2 5 (6.94%) General Ledger
3 2 (2.78%) Advertising
4 1 (1.39%) Retail
Job Titles
1 27 (37.50%) Developer
2 22 (30.56%) Analyst
3 12 (16.67%) Business Intelligence Developer
4 10 (13.89%) Business Analyst
5 8 (11.11%) TM1 Developer
6 7 (9.72%) Project Manager
6 7 (9.72%) Solvency II Business Analyst
7 6 (8.33%) SQL Developer
8 5 (6.94%) Test Analyst
8 5 (6.94%) Data Analyst
9 3 (4.17%) PL/SQL Developer
9 3 (4.17%) Data Warehouse Developer
9 3 (4.17%) Programme Manager
9 3 (4.17%) Business Data Analyst
10 2 (2.78%) Insurance Business Analyst
10 2 (2.78%) Business Intelligence Analyst
10 2 (2.78%) Solvency II Project Manager
10 2 (2.78%) SQL Programmer
10 2 (2.78%) Finance Project Manager
10 2 (2.78%) MI Analyst
Libraries, Frameworks & Software Standards
1 2 (2.78%) XML
2 1 (1.39%) MDX
2 1 (1.39%) .NET
2 1 (1.39%) ASP.NET
2 1 (1.39%) COM
Miscellaneous
1 8 (11.11%) Analytical Skills
2 3 (4.17%) Data Extraction
2 3 (4.17%) Data Integration
3 1 (1.39%) Fixed Income
3 1 (1.39%) Equities
3 1 (1.39%) Derivative
3 1 (1.39%) Mathematics
3 1 (1.39%) Credit Risk
Operating Systems
1 5 (6.94%) UNIX
2 1 (1.39%) Windows
Processes & Methodologies
1 24 (33.33%) Business Intelligence
2 22 (30.56%) ETL
3 19 (26.39%) Stakeholder Management
4 14 (19.44%) Data Modelling
5 12 (16.67%) Migration
6 8 (11.11%) User Acceptance Testing
6 8 (11.11%) Data Migration
6 8 (11.11%) Project Management
7 6 (8.33%) ETL Development
8 5 (6.94%) Performance Tuning
8 5 (6.94%) Risk Management
8 5 (6.94%) Data Analysis
9 3 (4.17%) Business Analysis
9 3 (4.17%) Change Management
10 2 (2.78%) PRINCE2
10 2 (2.78%) Programme Management
10 2 (2.78%) Agile Software Development
10 2 (2.78%) Supplier Management
10 2 (2.78%) Data Management
10 2 (2.78%) Project Governance
Programming Languages
1 29 (40.28%) SQL
2 10 (13.89%) T-SQL
2 10 (13.89%) PL/SQL
3 5 (6.94%) VBA
3 5 (6.94%) Shell Script
4 1 (1.39%) C#
4 1 (1.39%) VB.NET
Qualifications
1 5 (6.94%) Degree
2 3 (4.17%) ISTQB
3 2 (2.78%) ISTQB Advanced Certification
4 1 (1.39%) ISEB
4 1 (1.39%) APMP
Quality Assurance & Compliance
1 5 (6.94%) GAAP
2 2 (2.78%) QA
2 2 (2.78%) Data Quality
3 1 (1.39%) AIFMD
System Software
1 1 (1.39%) Active Directory
Systems Management
1 1 (1.39%) HP Quality Center
Vendors
1 13 (18.06%) Oracle
2 5 (6.94%) Cognos
2 5 (6.94%) Microsoft
2 5 (6.94%) Sun
2 5 (6.94%) HP
3 4 (5.56%) IBM
4 3 (4.17%) Informatica
5 2 (2.78%) Guidewire
6 1 (1.39%) Bloomberg
6 1 (1.39%) VMware