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 2 September 2015 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
2 Sep 2015
Same period 2014 Same period 2013
Solvency II
Rank 170 196 224
Rank change year-on-year
+26 +28
Contract jobs citing Solvency II 28 12 3
As % of all contract IT jobs located in the City of London 0.52% 0.20% 0.041%
As % of the Quality Assurance & Compliance category 6.24% 2.57% 0.50%
Number of daily rates quoted 19 8 3
Average daily rate
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of your Daily Rate
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£475 £525 £400
Average daily rate % change year-on-year
-9.52% +31.25%
UK excluding London average daily rate £528 £450 £445
% change year-on-year
+17.22% +1.12%
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
449 467 597
As % of all contract IT jobs located in the City of London 8.34% 7.90% 8.13%
Number of daily rates quoted 335 334 448
Average daily rate £450 £475 £475
Average daily rate % change year-on-year
-5.26% -
90% offered a daily rate of more than £313 £307 £300
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £400 £375 £360
% change year-on-year
+6.66% +4.16%
Number of hourly rates quoted 6 9 9
Average hourly rate £22.63 £16.00 £20.00
Average hourly rate % change year-on-year
+41.40% -20.00%
90% offered a hourly rate of more than £15.20 £12.56 £13.97
10% offered a hourly rate of more than £55.50 £20.40 £67.50
UK excluding London average hourly rate £21.64 £20.00 £17.50
% change year-on-year
+8.20% +14.28%

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 2 September 2015.

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 2 September 2015, 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 34 (53.97%) Finance
2 28 (44.44%) SQL
3 23 (36.51%) ETL
4 21 (33.33%) Business Intelligence
4 21 (33.33%) Data Warehouse
5 19 (30.16%) Stakeholder Management
6 17 (26.98%) SQL Server
7 15 (23.81%) OLAP
7 15 (23.81%) Oracle
7 15 (23.81%) Data Modelling
7 15 (23.81%) SQL Server Reporting Services
8 12 (19.05%) SQL Server Integration Services
9 11 (17.46%) SQL Server Analysis Services
9 11 (17.46%) Migration
10 10 (15.87%) T-SQL
11 9 (14.29%) Data Mart
11 9 (14.29%) Relational Database
12 7 (11.11%) Data Migration
12 7 (11.11%) PL/SQL
12 7 (11.11%) UNIX
12 7 (11.11%) Shell Script
12 7 (11.11%) OLAP Cube
13 6 (9.52%) ETL Development
13 6 (9.52%) VBA
13 6 (9.52%) User Acceptance Testing
14 5 (7.94%) Performance Tuning
14 5 (7.94%) Microsoft
14 5 (7.94%) Risk Management
14 5 (7.94%) Informatica
14 5 (7.94%) Project Management

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

For the 6 months to 2 September 2015, 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 2 (3.17%) SharePoint
Applications
1 3 (4.76%) MS Office
2 2 (3.17%) MS Project
3 1 (1.59%) MS Visio
Business Applications
1 3 (4.76%) Cognos TM1
1 3 (4.76%) Oracle General Ledger
1 3 (4.76%) Markit EDM
2 1 (1.59%) Cognos Business Intelligence
2 1 (1.59%) Oracle Financials
2 1 (1.59%) PolarLake
Communications & Networking
1 1 (1.59%) DHCP
1 1 (1.59%) FTP
Database & Business Intelligence
1 21 (33.33%) Data Warehouse
2 17 (26.98%) SQL Server
3 15 (23.81%) OLAP
3 15 (23.81%) SQL Server Reporting Services
4 12 (19.05%) SQL Server Integration Services
5 11 (17.46%) SQL Server Analysis Services
6 9 (14.29%) Relational Database
6 9 (14.29%) Data Mart
7 7 (11.11%) OLAP Cube
8 4 (6.35%) BusinessObjects
8 4 (6.35%) PowerCenter
9 3 (4.76%) Oracle Reports
9 3 (4.76%) Oracle Database
10 1 (1.59%) QlikView
10 1 (1.59%) MS Access
10 1 (1.59%) RDBMS
Development Applications
1 3 (4.76%) Subversion
2 1 (1.59%) Visual Studio
General
1 34 (53.97%) Finance
2 3 (4.76%) General Ledger
3 1 (1.59%) Retail
Job Titles
1 30 (47.62%) Developer
2 17 (26.98%) Analyst
3 13 (20.63%) Business Intelligence Developer
4 8 (12.70%) TM1 Developer
5 7 (11.11%) Business Analyst
6 6 (9.52%) SQL Developer
7 5 (7.94%) Data Analyst
7 5 (7.94%) Project Manager
7 5 (7.94%) Solvency II Business Analyst
8 4 (6.35%) Informatica Developer
9 3 (4.76%) Analyst Developer
9 3 (4.76%) Data Warehouse Developer
9 3 (4.76%) PL/SQL Developer
9 3 (4.76%) Programme Manager
9 3 (4.76%) Business Data Analyst
9 3 (4.76%) Business Intelligence Analyst
10 2 (3.17%) Finance Project Manager
10 2 (3.17%) MI Analyst
10 2 (3.17%) SQL Programmer
10 2 (3.17%) Senior Business Intelligence Developer
Libraries, Frameworks & Software Standards
1 4 (6.35%) XML
2 1 (1.59%) MDX
2 1 (1.59%) .NET
2 1 (1.59%) ASP.NET
Miscellaneous
1 5 (7.94%) Analytical Skills
2 3 (4.76%) Data Extraction
2 3 (4.76%) Data Integration
2 3 (4.76%) Equities
2 3 (4.76%) Derivative
3 2 (3.17%) Fixed Income
4 1 (1.59%) Mathematics
4 1 (1.59%) Credit Risk
Operating Systems
1 7 (11.11%) UNIX
2 1 (1.59%) Windows
Processes & Methodologies
1 23 (36.51%) ETL
2 21 (33.33%) Business Intelligence
3 19 (30.16%) Stakeholder Management
4 15 (23.81%) Data Modelling
5 11 (17.46%) Migration
6 7 (11.11%) Data Migration
7 6 (9.52%) User Acceptance Testing
7 6 (9.52%) ETL Development
8 5 (7.94%) Performance Tuning
8 5 (7.94%) Project Management
8 5 (7.94%) Risk Management
9 4 (6.35%) Data Analysis
10 3 (4.76%) Change Management
10 3 (4.76%) Investment Management
11 2 (3.17%) Supplier Management
11 2 (3.17%) Resource Management
11 2 (3.17%) Project Governance
11 2 (3.17%) Business Transformation
11 2 (3.17%) Dependency Management
11 2 (3.17%) PRINCE2
Programming Languages
1 28 (44.44%) SQL
2 10 (15.87%) T-SQL
3 7 (11.11%) PL/SQL
3 7 (11.11%) Shell Script
4 6 (9.52%) VBA
5 1 (1.59%) C#
5 1 (1.59%) VB
5 1 (1.59%) VB.NET
Qualifications
1 4 (6.35%) Degree
2 1 (1.59%) APMP
Quality Assurance & Compliance
1 1 (1.59%) GAAP
1 1 (1.59%) QA
1 1 (1.59%) Data Quality
System Software
1 1 (1.59%) Active Directory
Vendors
1 15 (23.81%) Oracle
2 5 (7.94%) Microsoft
2 5 (7.94%) Informatica
3 4 (6.35%) Sun
3 4 (6.35%) HP
4 3 (4.76%) Cognos
4 3 (4.76%) IBM
5 2 (3.17%) Bloomberg
5 2 (3.17%) Guidewire
6 1 (1.59%) SmartCo
6 1 (1.59%) VMware