The first table below looks at the demand 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 31 July 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Quality Assurance & Compliance category for the City of London region.

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
31 Jul 2014
Same period 2013 Same period 2012
Solvency II
Rank 183 212 179
Rank change year-on-year
+29 -33
Contract jobs citing Solvency II 12 7 45
As % of all contract IT jobs located in the City of London 0.21% 0.099% 0.58%
As % of the Quality Assurance & Compliance category 2.56% 1.17% 6.29%
Number of daily rates quoted 8 5 35
Average daily rate
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£525 £518 £500
Average daily rate % change year-on-year
+1.44% +3.50%
90% offered a daily rate of more than £410 £400 £403
10% offered a daily rate of more than £775 £600 £600
UK excluding London average daily rate £450 £425 £425
% change year-on-year
+5.88% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Quality Assurance & Compliance Category
City of London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
468 597 715
As % of all contract IT jobs located in the City of London 8.12% 8.43% 9.18%
Number of daily rates quoted 334 449 521
Average daily rate £475 £475 £475
90% offered a daily rate of more than £300 £300 £322
10% offered a daily rate of more than £600 £625 £650
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 6 7 22
Average hourly rate £17.50 £22.50 £18.85
Average hourly rate % change year-on-year
-22.22% +19.36%
90% offered a hourly rate of more than £11.32 £13.97 £13.70
10% offered a hourly rate of more than £31.75 £36.40 £49.20
UK excluding London average hourly rate £20.21 £17.50 £20.00
% change year-on-year
+15.45% -12.50%
Solvency II
London

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 31 July 2014.

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 31 July 2014, 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 9 (36.00%) Finance
2 6 (24.00%) Project Management
3 5 (20.00%) SQL
4 3 (12.00%) Oracle
4 3 (12.00%) Business Objects
4 3 (12.00%) Business Analysis
4 3 (12.00%) Stakeholder Management
5 2 (8.00%) Programme Management
5 2 (8.00%) Data Governance
5 2 (8.00%) Data Warehouse
5 2 (8.00%) Data Modelling
5 2 (8.00%) Business Intelligence
5 2 (8.00%) Informatica
5 2 (8.00%) Basel II
5 2 (8.00%) Risk Management
6 1 (4.00%) PL/SQL
6 1 (4.00%) S-PLUS
6 1 (4.00%) PowerCenter
6 1 (4.00%) Shell Script
6 1 (4.00%) XBRL
6 1 (4.00%) ETL
6 1 (4.00%) ISO 9001
6 1 (4.00%) PRINCE2
6 1 (4.00%) UNIX
6 1 (4.00%) Oracle Reports
6 1 (4.00%) PhD
6 1 (4.00%) SharePoint
6 1 (4.00%) SQL Server
6 1 (4.00%) OLAP
6 1 (4.00%) T-SQL

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

For the 6 months to 31 July 2014, 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 1 (4.00%) SharePoint
Applications
1 1 (4.00%) S-PLUS
Database & Business Intelligence
1 2 (8.00%) Data Warehouse
2 1 (4.00%) PowerCenter
2 1 (4.00%) SQL Server Reporting Services
2 1 (4.00%) Data Mart
2 1 (4.00%) SQL Server Integration Services
2 1 (4.00%) BusinessObjects XI
2 1 (4.00%) SQL Server Analysis Services
2 1 (4.00%) SQL Server
2 1 (4.00%) OLAP
2 1 (4.00%) Oracle Reports
General
1 9 (36.00%) Finance
2 1 (4.00%) Marketing
Job Titles
1 7 (28.00%) Analyst
2 6 (24.00%) Project Manager
3 4 (16.00%) Business Analyst
4 3 (12.00%) Programme Manager
4 3 (12.00%) Developer
4 3 (12.00%) Delivery Manager
4 3 (12.00%) Solvency II Business Analyst
4 3 (12.00%) Solvency II Project Manager
5 2 (8.00%) Data Analyst
5 2 (8.00%) Insurance Business Analyst
6 1 (4.00%) Business Intelligence Developer
6 1 (4.00%) PMO Analyst
6 1 (4.00%) Data Governance Manager
6 1 (4.00%) Business Objects Developer
6 1 (4.00%) Informatica Developer
6 1 (4.00%) Pre Sales Consultant
6 1 (4.00%) Quantitative Analyst
6 1 (4.00%) Test Manager
6 1 (4.00%) Business Developer
6 1 (4.00%) Consultant
Libraries, Frameworks & Software Standards
1 1 (4.00%) XBRL
Miscellaneous
1 1 (4.00%) Statistics
1 1 (4.00%) Mathematics
1 1 (4.00%) Physics
1 1 (4.00%) iPad
Operating Systems
1 1 (4.00%) UNIX
Processes & Methodologies
1 6 (24.00%) Project Management
2 3 (12.00%) Business Analysis
2 3 (12.00%) Stakeholder Management
3 2 (8.00%) Programme Management
3 2 (8.00%) Data Modelling
3 2 (8.00%) Business Intelligence
3 2 (8.00%) Risk Management
3 2 (8.00%) Data Governance
4 1 (4.00%) Change Control
4 1 (4.00%) Test Strategy
4 1 (4.00%) Validation
4 1 (4.00%) Cost-Benefit Analysis
4 1 (4.00%) Requirements Analysis
4 1 (4.00%) Resource Management
4 1 (4.00%) Matrix Management
4 1 (4.00%) Use Case
4 1 (4.00%) Budget Control
4 1 (4.00%) PRINCE2
4 1 (4.00%) ETL
4 1 (4.00%) Asset Management
Programming Languages
1 5 (20.00%) SQL
2 1 (4.00%) T-SQL
2 1 (4.00%) Shell Script
2 1 (4.00%) R
2 1 (4.00%) PL/SQL
Qualifications
1 1 (4.00%) PhD
1 1 (4.00%) Degree
1 1 (4.00%) Six Sigma Black Belt
1 1 (4.00%) Six Sigma Green Belt
Quality Assurance & Compliance
1 2 (8.00%) Basel II
2 1 (4.00%) Data Quality
2 1 (4.00%) CRD IV
2 1 (4.00%) COREP
2 1 (4.00%) FINREP
2 1 (4.00%) AIFMD
2 1 (4.00%) ISO 9001
Vendors
1 3 (12.00%) Oracle
1 3 (12.00%) Business Objects
2 2 (8.00%) Informatica
City, London
Sanderson
Rate: £650 - £850 per day
Posted: 15 hours ago