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 19 June 2013 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
19 Jun 2013
Same period 2012 Same period 2011
Solvency II
Rank 202 177 112
Rank change year-on-year
-25 -65
Contract jobs citing Solvency II 8 35 158
As % of all contract IT jobs located in the City of London 0.118% 0.452% 1.578%
As % of the Quality Assurance & Compliance category 1.572% 5.319% 20.31%
Number of daily rates quoted 5 20 115
Average daily rate £518 £500 £550
Average daily rate % change year-on-year
+3.50% -9.09%
90% offered a daily rate of more than £400 £419 £370
10% offered a daily rate of more than £600 £605 £715
UK excluding London average daily rate £400 £425 £550
% change year-on-year
-5.88% -22.72%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Quality Assurance & Compliance
City of London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
509 658 778
As % of all contract IT jobs located in the City of London 7.507% 8.500% 7.771%
Number of daily rates quoted 389 450 537
Average daily rate £450 £475 £494
Average daily rate % change year-on-year
-5.26% -3.79%
90% offered a daily rate of more than £298 £288 £325
10% offered a daily rate of more than £575 £650 £650
UK excluding London average daily rate £350 £350 £388
% change year-on-year
- -9.67%
Number of hourly rates quoted 11 24 20
Average hourly rate £32.00 £19.00 £19.00
Average hourly rate % change year-on-year
+68.42% -
90% offered a hourly rate of more than £13.97 £13.15 £11.85
10% offered a hourly rate of more than £135.00 £28.10 £43.45
UK excluding London average hourly rate £18.25 £16.72 £30.00
% change year-on-year
+9.15% -44.26%
Solvency II
London

Solvency II
Jobs Demand Trend

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.

City of London Solvency II Jobs Demand Trend

Solvency II
Daily Rate Trend

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.

City of London Solvency II Daily Rate Trend

Solvency II
Daily Rate Histogram

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 19 June 2013.

City of London Solvency II Daily Rate Histogram

Solvency II
Hourly Rate Trend

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.

City of London Solvency II Hourly Rate Trend

Solvency II
Top 30 Related IT Skills

For the 6 months to 19 June 2013, 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 13 (65.00%) Finance
2 5 (25.00%) Risk Management
3 3 (15.00%) VMware
3 3 (15.00%) VMware Workstation
3 3 (15.00%) SharePoint Server
3 3 (15.00%) SCCM
3 3 (15.00%) SCOM
3 3 (15.00%) Security Cleared
3 3 (15.00%) VMware Infrastructure
3 3 (15.00%) Red Hat Enterprise Linux
3 3 (15.00%) CIMA
3 3 (15.00%) Sophos
3 3 (15.00%) ACCA
3 3 (15.00%) ITIL
3 3 (15.00%) SharePoint
3 3 (15.00%) DHCP
3 3 (15.00%) DNS
3 3 (15.00%) Cisco
3 3 (15.00%) Windows
3 3 (15.00%) Linux
3 3 (15.00%) EMC
3 3 (15.00%) Red Hat
4 2 (10.00%) Six Sigma
4 2 (10.00%) MS Excel
4 2 (10.00%) Microsoft
4 2 (10.00%) MS Office
4 2 (10.00%) BCP
4 2 (10.00%) Disaster Recovery
4 2 (10.00%) ITSM
4 2 (10.00%) Banking

Solvency II
Top Related IT Skills by Category

For the 6 months to 19 June 2013, 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 (15.00%) SharePoint Server
1 3 (15.00%) SharePoint
2 1 (5.000%) Mathematica
2 1 (5.000%) SAS
Applications
1 2 (10.00%) MS Excel
1 2 (10.00%) MS Office
1 2 (10.00%) MS PowerPoint
Communications & Networking
1 3 (15.00%) DHCP
1 3 (15.00%) DNS
2 1 (5.000%) Cisco Nexus
Database & Business Intelligence
1 1 (5.000%) Data Warehouse
General
1 13 (65.00%) Finance
2 2 (10.00%) Banking
Job Titles
1 11 (55.00%) Analyst
2 8 (40.00%) Business Analyst
3 5 (25.00%) Insurance Business Analyst
4 3 (15.00%) 3rd Line Support
5 2 (10.00%) Administrator
5 2 (10.00%) Solvency II Business Analyst
5 2 (10.00%) Data Analyst
6 1 (5.000%) Integration Engineer
6 1 (5.000%) Business Data Analyst
6 1 (5.000%) Financial Analyst
6 1 (5.000%) Actuary
6 1 (5.000%) 3rd Line Support Technician
6 1 (5.000%) Support Technician
6 1 (5.000%) Project Manager
Miscellaneous
1 1 (5.000%) Statistics
1 1 (5.000%) Mathematics
1 1 (5.000%) Computer Science
Operating Systems
1 3 (15.00%) Red Hat Enterprise Linux
1 3 (15.00%) Windows
1 3 (15.00%) Linux
2 1 (5.000%) UNIX
Processes & Methodologies
1 5 (25.00%) Risk Management
2 3 (15.00%) ITIL
3 2 (10.00%) Six Sigma
3 2 (10.00%) BCP
3 2 (10.00%) Disaster Recovery
3 2 (10.00%) ITSM
3 2 (10.00%) Data Analysis
3 2 (10.00%) Stakeholder Management
3 2 (10.00%) Stakeholder Engagement
3 2 (10.00%) Time Management
3 2 (10.00%) Business Continuity
3 2 (10.00%) Business Analysis
4 1 (5.000%) Data Migration
4 1 (5.000%) Data Mapping
4 1 (5.000%) Migration
4 1 (5.000%) GAP Analysis
4 1 (5.000%) PRINCE2
4 1 (5.000%) Data Modelling
Programming Languages
1 1 (5.000%) MATLAB
1 1 (5.000%) SQL
Qualifications
1 3 (15.00%) Security Cleared
1 3 (15.00%) CIMA
1 3 (15.00%) ACCA
2 2 (10.00%) SC Cleared
Quality Assurance & Compliance
1 1 (5.000%) Data Quality
System Software
1 3 (15.00%) VMware Workstation
1 3 (15.00%) VMware Infrastructure
2 1 (5.000%) vSphere
Systems Management
1 3 (15.00%) SCCM
1 3 (15.00%) SCOM
Vendors
1 3 (15.00%) VMware
1 3 (15.00%) Sophos
1 3 (15.00%) Cisco
1 3 (15.00%) EMC
1 3 (15.00%) Red Hat
2 2 (10.00%) Microsoft
3 1 (5.000%) Algorithmics