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 29 April 2016 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.

3 months to
29 Apr 2016
Same period 2015 Same period 2014
Solvency II
Rank 130 165 205
Rank change year-on-year
+35 +40
Contract jobs citing Solvency II 27 35 13
As % of all contract IT jobs located in the City of London 0.77% 0.64% 0.21%
As % of the Quality Assurance & Compliance category 8.71% 7.25% 2.00%
Number of daily rates quoted 25 27 5
Average daily rate £525 £488 £525
Average daily rate % change year-on-year
+7.69% -7.14%
90% offered a daily rate of more than £435 £412 £465
10% offered a daily rate of more than £600 £635 £610
UK excluding London average daily rate £605 £500 £451
% change year-on-year
+21.00% +10.98%
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
310 483 649
As % of all contract IT jobs located in the City of London 8.88% 8.83% 10.44%
Number of daily rates quoted 236 355 458
Average daily rate £475 £475 £450
Average daily rate % change year-on-year
- +5.55%
90% offered a daily rate of more than £325 £313 £300
10% offered a daily rate of more than £625 £600 £613
UK excluding London average daily rate £400 £385 £370
% change year-on-year
+3.89% +4.05%
Number of hourly rates quoted 1 4 9
Average hourly rate £22.00 £13.75 £17.50
Average hourly rate % change year-on-year
+60.00% -21.42%
UK excluding London average hourly rate £33.00 £29.00 £19.50
% change year-on-year
+13.79% +48.71%

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 29 April 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 29 April 2016, 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 25 (43.86%) Finance
2 14 (24.56%) Business Analysis
3 12 (21.05%) SQL
4 11 (19.30%) Migration
5 10 (17.54%) Data Analysis
5 10 (17.54%) SQL Server
5 10 (17.54%) Data Warehouse
5 10 (17.54%) ISEB
6 8 (14.04%) Test Scripting
7 7 (12.28%) Data Migration
7 7 (12.28%) SQL Server Integration Services
7 7 (12.28%) Data Modelling
7 7 (12.28%) ETL
8 6 (10.53%) Business Intelligence
8 6 (10.53%) SQL Server Analysis Services
8 6 (10.53%) Data Quality
9 4 (7.02%) SQL Server Reporting Services
9 4 (7.02%) CIMA
9 4 (7.02%) PRINCE2
9 4 (7.02%) T-SQL
9 4 (7.02%) ACCA
9 4 (7.02%) Project Management
9 4 (7.02%) MDX
10 3 (5.26%) Reinsurance
10 3 (5.26%) Kimball Methodology
10 3 (5.26%) Analytical Skills
10 3 (5.26%) Degree
10 3 (5.26%) GAAP
10 3 (5.26%) Advertising
10 3 (5.26%) Programme Management

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

For the 6 months to 29 April 2016, 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.

Applications
1 1 (1.75%) MS Excel
1 1 (1.75%) MS Office
1 1 (1.75%) MS PowerPoint
1 1 (1.75%) MS Project
1 1 (1.75%) MS Visio
1 1 (1.75%) Spreadsheet
Business Applications
1 1 (1.75%) HFM
1 1 (1.75%) Markit EDM
Communications & Networking
1 1 (1.75%) IMAP
Database & Business Intelligence
1 10 (17.54%) Data Warehouse
1 10 (17.54%) SQL Server
2 7 (12.28%) SQL Server Integration Services
3 6 (10.53%) SQL Server Analysis Services
4 4 (7.02%) SQL Server Reporting Services
5 2 (3.51%) Microsoft Analysis Services
5 2 (3.51%) Power BI
6 1 (1.75%) Microsoft Power View
6 1 (1.75%) Oracle Database
6 1 (1.75%) PowerPivot
6 1 (1.75%) QlikView
6 1 (1.75%) SAP Data Services
6 1 (1.75%) SQL Server 2008
Development Applications
1 1 (1.75%) Eclipse
1 1 (1.75%) FitNesse
1 1 (1.75%) MSI
General
1 25 (43.86%) Finance
2 3 (5.26%) Advertising
3 2 (3.51%) Back Office
4 1 (1.75%) Banking
4 1 (1.75%) Investment Banking
Job Titles
1 38 (66.67%) Analyst
2 23 (40.35%) Business Analyst
3 17 (29.82%) Solvency II Business Analyst
4 10 (17.54%) Insurance Business Analyst
5 9 (15.79%) Developer
6 7 (12.28%) Project Manager
7 6 (10.53%) Test Analyst
8 5 (8.77%) Business Test Analyst
8 5 (8.77%) SQL Developer
9 4 (7.02%) Business Intelligence Developer
9 4 (7.02%) Data Analyst
9 4 (7.02%) Solvency II Project Manager
9 4 (7.02%) SQL Analyst
10 3 (5.26%) Business Developer
10 3 (5.26%) Data Business Analyst
10 3 (5.26%) Data Warehouse Developer
10 3 (5.26%) Report Analyst
10 3 (5.26%) SSIS Developer
11 2 (3.51%) Analyst Developer
11 2 (3.51%) Test Manager
Libraries, Frameworks & Software Standards
1 4 (7.02%) MDX
2 1 (1.75%) .NET
Miscellaneous
1 3 (5.26%) Analytical Skills
1 3 (5.26%) Reinsurance
2 2 (3.51%) Computer Science
3 1 (1.75%) Data Integration
3 1 (1.75%) Data Structures
3 1 (1.75%) Derivative
3 1 (1.75%) Visualisation
Processes & Methodologies
1 14 (24.56%) Business Analysis
2 11 (19.30%) Migration
3 10 (17.54%) Data Analysis
4 8 (14.04%) Test Scripting
5 7 (12.28%) Data Migration
5 7 (12.28%) Data Modelling
5 7 (12.28%) ETL
6 6 (10.53%) Business Intelligence
7 4 (7.02%) PRINCE2
7 4 (7.02%) Project Management
8 3 (5.26%) Asset Management
8 3 (5.26%) Kimball Methodology
8 3 (5.26%) Programme Management
8 3 (5.26%) Stakeholder Management
9 2 (3.51%) Data Governance
9 2 (3.51%) Fund Accounting
9 2 (3.51%) Line Management
9 2 (3.51%) Process Improvement
9 2 (3.51%) Product Management
9 2 (3.51%) SDLC
Programming Languages
1 12 (21.05%) SQL
2 4 (7.02%) T-SQL
3 1 (1.75%) Shell Script
3 1 (1.75%) VBA
Qualifications
1 10 (17.54%) ISEB
2 4 (7.02%) ACCA
2 4 (7.02%) CIMA
3 3 (5.26%) Degree
4 2 (3.51%) ISEB Practitioner
Quality Assurance & Compliance
1 6 (10.53%) Data Quality
2 3 (5.26%) GAAP
3 1 (1.75%) AIFMD
3 1 (1.75%) EMIR
3 1 (1.75%) MiFID
3 1 (1.75%) UCITS
Systems Management
1 1 (1.75%) HP Quality Center
Vendors
1 2 (3.51%) Bloomberg
1 2 (3.51%) Microsoft
2 1 (1.75%) Cognos
2 1 (1.75%) FactSet
2 1 (1.75%) HP
2 1 (1.75%) Oracle
2 1 (1.75%) Reuters
2 1 (1.75%) SAP
2 1 (1.75%) Sun
2 1 (1.75%) Tableau
City, London
Eames Consulting
Rate: £520 - £540 per day
Posted: Yesterday
City, London
Red10
Rate: £550 - £600 per day
Posted: 2 days ago
City, London
Red10
Rate: £500 - £525 per day
Posted: 2 days ago
City, London
JM
Posted: 3 days ago
City of London
Streamline Connections Ltd
Rate: £475 - £500 per day
Posted: 3 days ago
City of London
Volt
Rate: £450.00 - £500.00 per day
Posted: 7 days ago