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 20 August 2014 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
20 Aug 2014
Same period 2013 Same period 2012
Solvency II
Rank 188 226 190
Rank change year-on-year
+38 -36
Contract jobs citing Solvency II 10 4 41
As % of all contract IT jobs located in the City of London 0.17% 0.054% 0.52%
As % of the Quality Assurance & Compliance category 2.20% 0.68% 5.39%
Number of daily rates quoted 6 3 34
Average daily rate
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£525 £400 £488
Average daily rate % change year-on-year
+31.25% -17.94%
90% offered a daily rate of more than £450 £400 £347
10% offered a daily rate of more than £825 £600 £597
UK excluding London average daily rate £450 £433 £425
% change year-on-year
+4.04% +1.76%
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
455 592 760
As % of all contract IT jobs located in the City of London 7.87% 8.04% 9.56%
Number of daily rates quoted 329 440 563
Average daily rate £472 £475 £475
Average daily rate % change year-on-year
-0.63% -
90% offered a daily rate of more than £300 £300 £310
10% offered a daily rate of more than £600 £600 £625
UK excluding London average daily rate £375 £350 £355
% change year-on-year
+7.14% -1.40%
Number of hourly rates quoted 8 10 20
Average hourly rate £18.00 £21.25 £17.93
Average hourly rate % change year-on-year
-15.29% +18.49%
90% offered a hourly rate of more than £12.14 £13.97 £13.50
10% offered a hourly rate of more than £29.05 £67.50 £50.01
UK excluding London average hourly rate £19.50 £17.50 £22.50
% change year-on-year
+11.42% -22.22%

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 20 August 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 20 August 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 (42.86%) Finance
2 6 (28.57%) Project Management
3 4 (19.05%) SQL
4 3 (14.29%) Oracle
4 3 (14.29%) Business Objects
4 3 (14.29%) Stakeholder Management
4 3 (14.29%) Business Analysis
5 2 (9.52%) Data Governance
5 2 (9.52%) Programme Management
5 2 (9.52%) Basel II
5 2 (9.52%) Informatica
6 1 (4.76%) PowerCenter
6 1 (4.76%) Shell Script
6 1 (4.76%) PRINCE2
6 1 (4.76%) UNIX
6 1 (4.76%) Oracle Reports
6 1 (4.76%) PhD
6 1 (4.76%) Data Warehouse
6 1 (4.76%) Data Modelling
6 1 (4.76%) ETL
6 1 (4.76%) ISO 9001
6 1 (4.76%) Business Intelligence
6 1 (4.76%) XBRL
6 1 (4.76%) Asset Management
6 1 (4.76%) Data Management
6 1 (4.76%) Information Management
6 1 (4.76%) Data Analysis
6 1 (4.76%) S-PLUS
6 1 (4.76%) Change Control
6 1 (4.76%) Test Strategy

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

For the 6 months to 20 August 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.

Applications
1 1 (4.76%) S-PLUS
Communications & Networking
1 1 (4.76%) IMAP
Database & Business Intelligence
1 1 (4.76%) Oracle Reports
1 1 (4.76%) Data Warehouse
1 1 (4.76%) PowerCenter
1 1 (4.76%) Data Mart
1 1 (4.76%) BusinessObjects XI
General
1 9 (42.86%) Finance
2 1 (4.76%) Marketing
Job Titles
1 8 (38.10%) Analyst
2 5 (23.81%) Project Manager
2 5 (23.81%) Business Analyst
3 3 (14.29%) Programme Manager
3 3 (14.29%) Solvency II Business Analyst
4 2 (9.52%) Solvency II Project Manager
4 2 (9.52%) Insurance Business Analyst
4 2 (9.52%) Developer
4 2 (9.52%) Data Analyst
5 1 (4.76%) Business Objects Developer
5 1 (4.76%) Informatica Developer
5 1 (4.76%) Pre Sales Consultant
5 1 (4.76%) Quantitative Analyst
5 1 (4.76%) Data Manager
5 1 (4.76%) Test Manager
5 1 (4.76%) Business Developer
5 1 (4.76%) Consultant
5 1 (4.76%) Data Architect
5 1 (4.76%) Sales Consultant
5 1 (4.76%) Support Analyst
Libraries, Frameworks & Software Standards
1 1 (4.76%) XBRL
Miscellaneous
1 1 (4.76%) Statistics
1 1 (4.76%) Mathematics
1 1 (4.76%) Physics
1 1 (4.76%) iPad
Operating Systems
1 1 (4.76%) UNIX
Processes & Methodologies
1 6 (28.57%) Project Management
2 3 (14.29%) Stakeholder Management
2 3 (14.29%) Business Analysis
3 2 (9.52%) Data Governance
3 2 (9.52%) Programme Management
4 1 (4.76%) Asset Management
4 1 (4.76%) Data Management
4 1 (4.76%) Information Management
4 1 (4.76%) Data Analysis
4 1 (4.76%) PRINCE2
4 1 (4.76%) Data Modelling
4 1 (4.76%) ETL
4 1 (4.76%) Business Intelligence
4 1 (4.76%) Change Control
4 1 (4.76%) Test Strategy
4 1 (4.76%) Probability Theory
4 1 (4.76%) Cost-Benefit Analysis
4 1 (4.76%) Requirements Analysis
4 1 (4.76%) Resource Management
4 1 (4.76%) Matrix Management
Programming Languages
1 4 (19.05%) SQL
2 1 (4.76%) Shell Script
2 1 (4.76%) R
2 1 (4.76%) PL/SQL
Qualifications
1 1 (4.76%) PhD
1 1 (4.76%) Degree
1 1 (4.76%) Six Sigma Black Belt
1 1 (4.76%) Six Sigma Green Belt
Quality Assurance & Compliance
1 2 (9.52%) Basel II
2 1 (4.76%) Data Quality
2 1 (4.76%) CRD IV
2 1 (4.76%) COREP
2 1 (4.76%) FINREP
2 1 (4.76%) AIFMD
2 1 (4.76%) ISO 9001
Vendors
1 3 (14.29%) Oracle
1 3 (14.29%) Business Objects
2 2 (9.52%) Informatica
City, London
JM
Posted: Yesterday