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 1 July 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
1 Jul 2016
Same period 2015 Same period 2014
Solvency II
Rank 130 145 199
Rank change year-on-year
+15 +54
Contract jobs citing Solvency II 39 55 12
As % of all contract IT jobs located in the City of London 1.17% 0.94% 0.20%
As % of the Quality Assurance & Compliance category 11.47% 10.07% 2.04%
Number of daily rates quoted 35 42 7
Median daily rate £550 £475 £525
Median daily rate % change year-on-year
+15.78% -9.52%
90% offered a daily rate of more than £425 £400 £405
10% offered a daily rate of more than £730 £900 £560
UK excluding London median daily rate £456 £465 £450
% change year-on-year
-1.88% +3.33%
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
340 546 587
As % of all contract IT jobs located in the City of London 10.19% 9.33% 9.94%
Number of daily rates quoted 262 422 429
Median daily rate £475 £475 £465
Median daily rate % change year-on-year
- +2.15%
90% offered a daily rate of more than £325 £320 £288
10% offered a daily rate of more than £600 £650 £625
UK excluding London median daily rate £400 £385 £369
% change year-on-year
+3.89% +4.40%
Number of hourly rates quoted 1 7 6
Median hourly rate £85.50 £24.00 £22.50
Median hourly rate % change year-on-year
+256.25% +6.66%
UK excluding London median hourly rate £28.00 £21.55 £20.75
% change year-on-year
+29.93% +3.85%

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 1 July 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 1 July 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 27 (44.26%) Finance
2 13 (21.31%) Business Analysis
3 11 (18.03%) SQL Server
4 10 (16.39%) SQL
4 10 (16.39%) ETL
5 9 (14.75%) Migration
5 9 (14.75%) Test Scripting
6 8 (13.11%) Data Migration
6 8 (13.11%) SQL Server Integration Services
6 8 (13.11%) Data Modelling
7 7 (11.48%) Data Warehouse
7 7 (11.48%) Business Intelligence
8 6 (9.84%) Stakeholder Management
8 6 (9.84%) Data Analysis
8 6 (9.84%) SQL Server Analysis Services
9 5 (8.20%) Data Quality
9 5 (8.20%) ISEB
10 4 (6.56%) Project Management
10 4 (6.56%) SQL Server Reporting Services
11 3 (4.92%) SDLC
11 3 (4.92%) Data Lineage
11 3 (4.92%) Unit Testing
11 3 (4.92%) MDX
11 3 (4.92%) Process Improvement
11 3 (4.92%) Data Architecture
11 3 (4.92%) Analytical Skills
11 3 (4.92%) Reinsurance
11 3 (4.92%) Programme Management
11 3 (4.92%) CIMA
11 3 (4.92%) Advertising

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 (1.64%) Confluence
Applications
1 2 (3.28%) MS Excel
2 1 (1.64%) MS Office
2 1 (1.64%) MS PowerPoint
2 1 (1.64%) MS Project
2 1 (1.64%) MS Visio
Business Applications
1 1 (1.64%) Markit EDM
Communications & Networking
1 1 (1.64%) IMAP
Database & Business Intelligence
1 11 (18.03%) SQL Server
2 8 (13.11%) SQL Server Integration Services
3 7 (11.48%) Data Warehouse
4 6 (9.84%) SQL Server Analysis Services
5 4 (6.56%) SQL Server Reporting Services
6 2 (3.28%) Microsoft Analysis Services
7 1 (1.64%) Enterprise Data Warehouse
7 1 (1.64%) Oracle Database
7 1 (1.64%) Power BI
7 1 (1.64%) QlikView
7 1 (1.64%) SAP Data Services
Development Applications
1 1 (1.64%) ERwin
1 1 (1.64%) FitNesse
1 1 (1.64%) JIRA
1 1 (1.64%) MSI
General
1 27 (44.26%) Finance
2 3 (4.92%) Advertising
3 1 (1.64%) Back Office
3 1 (1.64%) Banking
3 1 (1.64%) Investment Banking
3 1 (1.64%) Legal
Job Titles
1 34 (55.74%) Analyst
2 20 (32.79%) Business Analyst
3 18 (29.51%) Solvency II Business Analyst
4 11 (18.03%) Insurance Business Analyst
5 10 (16.39%) Developer
6 8 (13.11%) Architect
6 8 (13.11%) Project Manager
7 7 (11.48%) Test Analyst
8 5 (8.20%) Business Test Analyst
9 4 (6.56%) Business Intelligence Developer
9 4 (6.56%) Data Architect
9 4 (6.56%) Data Warehouse Developer
9 4 (6.56%) Solvency II Project Manager
9 4 (6.56%) SQL Developer
9 4 (6.56%) SSIS Developer
10 3 (4.92%) Analyst Developer
10 3 (4.92%) Business Architect
10 3 (4.92%) Data Business Analyst
10 3 (4.92%) ETL Developer
11 2 (3.28%) PMO Analyst
Libraries, Frameworks & Software Standards
1 3 (4.92%) MDX
2 1 (1.64%) FpML
2 1 (1.64%) XML
Miscellaneous
1 3 (4.92%) Analytical Skills
1 3 (4.92%) Reinsurance
2 1 (1.64%) Computer Science
2 1 (1.64%) Data Extraction
2 1 (1.64%) Data Integration
2 1 (1.64%) Derivative
2 1 (1.64%) Virtual Team
2 1 (1.64%) Visualisation
Processes & Methodologies
1 13 (21.31%) Business Analysis
2 10 (16.39%) ETL
3 9 (14.75%) Migration
3 9 (14.75%) Test Scripting
4 8 (13.11%) Data Migration
4 8 (13.11%) Data Modelling
5 7 (11.48%) Business Intelligence
6 6 (9.84%) Data Analysis
6 6 (9.84%) Stakeholder Management
7 4 (6.56%) Project Management
8 3 (4.92%) Data Architecture
8 3 (4.92%) Data Lineage
8 3 (4.92%) PRINCE2
8 3 (4.92%) Process Improvement
8 3 (4.92%) Programme Management
8 3 (4.92%) SDLC
8 3 (4.92%) Unit Testing
9 2 (3.28%) Portfolio Management
9 2 (3.28%) Requirements Analysis
9 2 (3.28%) Target Operating Model
Programming Languages
1 10 (16.39%) SQL
2 3 (4.92%) Shell Script
2 3 (4.92%) T-SQL
3 1 (1.64%) VBA
Qualifications
1 5 (8.20%) ISEB
2 3 (4.92%) ACCA
2 3 (4.92%) CIMA
3 2 (3.28%) Degree
4 1 (1.64%) ISEB Practitioner
Quality Assurance & Compliance
1 5 (8.20%) Data Quality
2 3 (4.92%) GAAP
3 1 (1.64%) QA
Systems Management
1 1 (1.64%) HP Quality Center
Vendors
1 3 (4.92%) Microsoft
2 1 (1.64%) Bloomberg
2 1 (1.64%) Cognos
2 1 (1.64%) HP
2 1 (1.64%) Oracle
2 1 (1.64%) SAP
2 1 (1.64%) Tableau
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