The table below looks at the statistics for Solvency II skills in IT contracts advertised for the 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 27 February 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
27 Feb 2015
Same period 2014 Same period 2013
Solvency II
Rank 320 363 341
Rank change year-on-year
+43 -22
Contract jobs citing Solvency II 79 21 30
As % of all contract IT jobs located in London 0.37% 0.097% 0.15%
As % of the Quality Assurance & Compliance category 4.66% 1.14% 2.00%
Number of daily rates quoted 55 14 19
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£510 £525 £488
Average daily rate % change year-on-year
-2.85% +7.69%
90% offered a daily rate of more than £410 £393 £400
10% offered a daily rate of more than £650 £550 £630
UK excluding London average daily rate £500 £451 £425
% change year-on-year
+10.98% +6.00%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Solvency II
England

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 London region.

Quality Assurance & Compliance Category
London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
1694 1837 1500
As % of all contract IT jobs located in London 7.98% 8.45% 7.58%
Number of daily rates quoted 1146 1221 1020
Average daily rate £430 £450 £450
Average daily rate % change year-on-year
-4.44% -
90% offered a daily rate of more than £250 £290 £275
10% offered a daily rate of more than £600 £625 £650
UK excluding London average daily rate £380 £368 £330
% change year-on-year
+3.40% +11.36%
Number of hourly rates quoted 11 33 39
Average hourly rate £21.50 £15.00 £22.00
Average hourly rate % change year-on-year
+43.33% -31.81%
90% offered a hourly rate of more than £15.00 £12.20 £13.50
10% offered a hourly rate of more than £95.50 £43.60 £135.00
UK excluding London average hourly rate £18.50 £16.00 £20.00
% change year-on-year
+15.62% -20.00%

Solvency II
Jobs Demand Trend in London

This chart provides a 3-month moving total of IT contractor jobs citing Solvency II across the London region as a proportion of the total demand within the Quality Assurance & Compliance category.

Solvency II Jobs Demand Trend in London

Solvency II
Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Solvency II across the London region.

Solvency II Daily Rate Trend in London

Solvency II
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Solvency II across the London region over the 3 months to 27 February 2015.

Solvency II Daily Rate Histogram in London

Solvency II
Hourly Rate Trend in London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Solvency II across the London region.

Solvency II Hourly Rate Trend in London

Solvency II
Contract Job Locations in London

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Solvency II within the London region over the 3 months to 27 February 2015. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +42 40 £513 -2.38% 9
Solvency II
England

Solvency II
Top 30 Related IT Skills in London

For the 6 months to 27 February 2015, IT contractor jobs across the 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 63 (52.94%) Finance
2 22 (18.49%) Analytical Skills
2 22 (18.49%) SQL
2 22 (18.49%) Stakeholder Management
3 20 (16.81%) Data Warehouse
4 19 (15.97%) Project Management
5 16 (13.45%) Cognos
6 14 (11.76%) Business Analysis
7 13 (10.92%) Change Management
8 12 (10.08%) Advertising
8 12 (10.08%) Cognos TM1
9 11 (9.24%) GAP Analysis
10 9 (7.56%) Risk Management
10 9 (7.56%) IBM
10 9 (7.56%) Data Analysis
11 8 (6.72%) Data Modelling
12 7 (5.88%) GAAP
12 7 (5.88%) Business Intelligence
12 7 (5.88%) MS Office
12 7 (5.88%) General Ledger
12 7 (5.88%) Data Governance
12 7 (5.88%) User Acceptance Testing
13 6 (5.04%) Stakeholder Engagement
13 6 (5.04%) Resource Management
13 6 (5.04%) PL/SQL
13 6 (5.04%) MS Project
13 6 (5.04%) ETL
13 6 (5.04%) SharePoint
14 5 (4.20%) IMAP
14 5 (4.20%) Supplier Management

Solvency II
Top Related IT Skills in London by Category

For the 6 months to 27 February 2015, IT contractor jobs across the 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 6 (5.04%) SharePoint
2 1 (0.84%) SAS
Applications
1 7 (5.88%) MS Office
2 6 (5.04%) MS Project
3 4 (3.36%) MS Visio
4 2 (1.68%) Spreadsheet
5 1 (0.84%) MS Excel
Business Applications
1 12 (10.08%) Cognos TM1
2 4 (3.36%) Cognos Business Intelligence
3 2 (1.68%) Markit EDM
3 2 (1.68%) CODA-Financials
Communications & Networking
1 5 (4.20%) IMAP
Database & Business Intelligence
1 20 (16.81%) Data Warehouse
2 4 (3.36%) SQL Server
3 3 (2.52%) Data Mart
4 2 (1.68%) SQL Server Integration Services
4 2 (1.68%) QlikView
4 2 (1.68%) SQL Server Reporting Services
4 2 (1.68%) SQL Server Analysis Services
4 2 (1.68%) SQL Server 2008
5 1 (0.84%) SQL Server 2012
5 1 (0.84%) Base SAS
5 1 (0.84%) Snowflake Schema
5 1 (0.84%) PowerCenter
5 1 (0.84%) BusinessObjects XI
General
1 63 (52.94%) Finance
2 12 (10.08%) Advertising
3 7 (5.88%) General Ledger
4 4 (3.36%) Banking
5 2 (1.68%) Investment Banking
5 2 (1.68%) Back Office
6 1 (0.84%) Telecoms
6 1 (0.84%) Retail
Job Titles
1 68 (57.14%) Analyst
2 40 (33.61%) Business Analyst
3 28 (23.53%) Project Manager
4 24 (20.17%) Solvency II Business Analyst
5 14 (11.76%) Solvency II Project Manager
6 13 (10.92%) Data Analyst
7 8 (6.72%) Test Analyst
8 6 (5.04%) Programme Manager
8 6 (5.04%) Data Warehouse Analyst
8 6 (5.04%) Developer
8 6 (5.04%) Designer
9 5 (4.20%) Consultant
10 4 (3.36%) Senior Manager
10 4 (3.36%) Systems Analyst
10 4 (3.36%) Risk Analyst
10 4 (3.36%) Business Project Manager
10 4 (3.36%) Business Manager
10 4 (3.36%) Data Business Analyst
10 4 (3.36%) Insurance Business Analyst
11 3 (2.52%) Quality Analyst
Libraries, Frameworks & Software Standards
1 1 (0.84%) .NET
1 1 (0.84%) COM
1 1 (0.84%) Web Services
Miscellaneous
1 22 (18.49%) Analytical Skills
2 5 (4.20%) Data Extraction
3 2 (1.68%) Data Structures
3 2 (1.68%) Credit Risk
4 1 (0.84%) Market Risk
4 1 (0.84%) Reference Data
4 1 (0.84%) Derivative
4 1 (0.84%) Taxonomies
4 1 (0.84%) Enterprise Software
Operating Systems
1 1 (0.84%) UNIX
1 1 (0.84%) Windows
Processes & Methodologies
1 22 (18.49%) Stakeholder Management
2 19 (15.97%) Project Management
3 14 (11.76%) Business Analysis
4 13 (10.92%) Change Management
5 11 (9.24%) GAP Analysis
6 9 (7.56%) Risk Management
6 9 (7.56%) Data Analysis
7 8 (6.72%) Data Modelling
8 7 (5.88%) Business Intelligence
8 7 (5.88%) User Acceptance Testing
8 7 (5.88%) Data Governance
9 6 (5.04%) Stakeholder Engagement
9 6 (5.04%) ETL
9 6 (5.04%) Resource Management
10 5 (4.20%) Supplier Management
10 5 (4.20%) Dependency Management
10 5 (4.20%) Business Process Mapping
11 4 (3.36%) Investment Management
11 4 (3.36%) Data Migration
11 4 (3.36%) Asset Management
Programming Languages
1 22 (18.49%) SQL
2 6 (5.04%) PL/SQL
3 2 (1.68%) C
4 1 (0.84%) C#
4 1 (0.84%) Shell Script
Qualifications
1 4 (3.36%) ISTQB
2 3 (2.52%) Degree
2 3 (2.52%) ISTQB Advanced Certification
3 2 (1.68%) VCP4
4 1 (0.84%) ISEB
4 1 (0.84%) PRINCE2 Certification
Quality Assurance & Compliance
1 7 (5.88%) GAAP
2 5 (4.20%) Basel III
3 4 (3.36%) Data Quality
4 3 (2.52%) QA
5 2 (1.68%) Basel II
5 2 (1.68%) AIFMD
6 1 (0.84%) FATCA
6 1 (0.84%) Sarbanes-Oxley
Systems Management
1 2 (1.68%) HP Quality Center
Vendors
1 16 (13.45%) Cognos
2 9 (7.56%) IBM
3 4 (3.36%) Oracle
4 3 (2.52%) Business Objects
4 3 (2.52%) Microsoft
5 2 (1.68%) Sun
5 2 (1.68%) HP
5 2 (1.68%) CODA
6 1 (0.84%) Reuters
6 1 (0.84%) Netezza
6 1 (0.84%) SAP
6 1 (0.84%) Informatica
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