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 30 January 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
30 Jan 2015
Same period 2014 Same period 2013
Solvency II
Rank 326 370 343
Rank change year-on-year
+44 -27
Contract jobs citing Solvency II 72 23 20
As % of all contract IT jobs located in London 0.34% 0.11% 0.10%
As % of the Quality Assurance & Compliance category 4.17% 1.28% 1.38%
Number of daily rates quoted 44 19 11
Average daily rate
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of your Daily Rate
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£538 £525 £475
Average daily rate % change year-on-year
+2.38% +10.52%
90% offered a daily rate of more than £425 £246 £400
10% offered a daily rate of more than £650 £560 £550
UK excluding London average daily rate £500 £476 £391
% change year-on-year
+5.15% +21.76%
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
1727 1791 1448
As % of all contract IT jobs located in London 8.18% 8.31% 7.49%
Number of daily rates quoted 1166 1229 993
Average daily rate £439 £450 £450
Average daily rate % change year-on-year
-2.50% -
90% offered a daily rate of more than £252 £280 £263
10% offered a daily rate of more than £600 £650 £600
UK excluding London average daily rate £380 £350 £330
% change year-on-year
+8.57% +6.06%
Number of hourly rates quoted 25 25 38
Average hourly rate £20.00 £15.00 £22.00
Average hourly rate % change year-on-year
+33.33% -31.81%
90% offered a hourly rate of more than £14.40 £11.20 £13.73
10% offered a hourly rate of more than £46.00 £82.30 £90.50
UK excluding London average hourly rate £19.00 £17.08 £23.00
% change year-on-year
+11.27% -25.76%

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 30 January 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 30 January 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 +37 38 £525 - 5
Solvency II
England

Solvency II
Top 30 Related IT Skills in London

For the 6 months to 30 January 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 59 (55.14%) Finance
2 21 (19.63%) Analytical Skills
3 19 (17.76%) Stakeholder Management
3 19 (17.76%) Project Management
4 16 (14.95%) SQL
4 16 (14.95%) Data Warehouse
5 14 (13.08%) Cognos
6 13 (12.15%) Change Management
7 12 (11.21%) Advertising
7 12 (11.21%) Business Analysis
8 11 (10.28%) Cognos TM1
9 10 (9.35%) GAP Analysis
9 10 (9.35%) Risk Management
10 9 (8.41%) IBM
11 7 (6.54%) Data Analysis
11 7 (6.54%) IMAP
11 7 (6.54%) Data Governance
12 6 (5.61%) User Acceptance Testing
12 6 (5.61%) Data Modelling
12 6 (5.61%) MS Office
13 5 (4.67%) MS Visio
13 5 (4.67%) SharePoint
13 5 (4.67%) MS Project
13 5 (4.67%) GAAP
13 5 (4.67%) Data Extraction
13 5 (4.67%) Resource Management
13 5 (4.67%) General Ledger
13 5 (4.67%) Supplier Management
13 5 (4.67%) Stakeholder Engagement
13 5 (4.67%) Business Process Mapping

Solvency II
Top Related IT Skills in London by Category

For the 6 months to 30 January 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 5 (4.67%) SharePoint
2 1 (0.93%) SAS
Applications
1 6 (5.61%) MS Office
2 5 (4.67%) MS Visio
2 5 (4.67%) MS Project
3 2 (1.87%) Spreadsheet
Business Applications
1 11 (10.28%) Cognos TM1
2 3 (2.80%) Cognos Business Intelligence
3 2 (1.87%) Markit EDM
3 2 (1.87%) CODA-Financials
Communications & Networking
1 7 (6.54%) IMAP
Database & Business Intelligence
1 16 (14.95%) Data Warehouse
2 3 (2.80%) Data Mart
3 2 (1.87%) QlikView
3 2 (1.87%) SQL Server
4 1 (0.93%) PowerCenter
4 1 (0.93%) Snowflake Schema
4 1 (0.93%) SQL Server 2008
4 1 (0.93%) Base SAS
4 1 (0.93%) BusinessObjects XI
4 1 (0.93%) SQL Server Analysis Services
4 1 (0.93%) SQL Server Integration Services
4 1 (0.93%) SQL Server Reporting Services
4 1 (0.93%) SQL Server 2012
General
1 59 (55.14%) Finance
2 12 (11.21%) Advertising
3 5 (4.67%) General Ledger
4 3 (2.80%) Banking
5 2 (1.87%) Investment Banking
5 2 (1.87%) Back Office
6 1 (0.93%) Telecoms
6 1 (0.93%) Retail
Job Titles
1 58 (54.21%) Analyst
2 34 (31.78%) Business Analyst
3 25 (23.36%) Project Manager
4 22 (20.56%) Solvency II Business Analyst
5 13 (12.15%) Solvency II Project Manager
6 10 (9.35%) Data Analyst
6 10 (9.35%) Programme Manager
7 6 (5.61%) Developer
7 6 (5.61%) Test Analyst
8 5 (4.67%) Consultant
8 5 (4.67%) Data Warehouse Analyst
8 5 (4.67%) Business Manager
8 5 (4.67%) Business Project Manager
8 5 (4.67%) Designer
9 4 (3.74%) Data Business Analyst
9 4 (3.74%) Senior Manager
9 4 (3.74%) Systems Analyst
9 4 (3.74%) Technical Author
9 4 (3.74%) Author
10 3 (2.80%) Technical Architect
Libraries, Frameworks & Software Standards
1 1 (0.93%) Web Services
Miscellaneous
1 21 (19.63%) Analytical Skills
2 5 (4.67%) Data Extraction
3 2 (1.87%) Data Structures
3 2 (1.87%) Credit Risk
4 1 (0.93%) Market Risk
4 1 (0.93%) Taxonomies
4 1 (0.93%) Derivative
4 1 (0.93%) Enterprise Software
4 1 (0.93%) Reference Data
Operating Systems
1 1 (0.93%) UNIX
1 1 (0.93%) Windows
Processes & Methodologies
1 19 (17.76%) Stakeholder Management
1 19 (17.76%) Project Management
2 13 (12.15%) Change Management
3 12 (11.21%) Business Analysis
4 10 (9.35%) GAP Analysis
4 10 (9.35%) Risk Management
5 7 (6.54%) Data Analysis
5 7 (6.54%) Data Governance
6 6 (5.61%) User Acceptance Testing
6 6 (5.61%) Data Modelling
7 5 (4.67%) Resource Management
7 5 (4.67%) Supplier Management
7 5 (4.67%) Stakeholder Engagement
7 5 (4.67%) Business Process Mapping
7 5 (4.67%) Dependency Management
8 4 (3.74%) Migration
8 4 (3.74%) Data Migration
8 4 (3.74%) PRINCE
8 4 (3.74%) Business Intelligence
8 4 (3.74%) PRINCE2
Programming Languages
1 16 (14.95%) SQL
2 4 (3.74%) PL/SQL
3 1 (0.93%) C
3 1 (0.93%) Shell Script
Qualifications
1 2 (1.87%) ISTQB Advanced Certification
1 2 (1.87%) ISTQB
1 2 (1.87%) Degree
2 1 (0.93%) PRINCE2 Certification
Quality Assurance & Compliance
1 5 (4.67%) GAAP
1 5 (4.67%) Basel III
2 4 (3.74%) QA
3 3 (2.80%) Data Quality
4 2 (1.87%) Basel II
5 1 (0.93%) Sarbanes-Oxley
5 1 (0.93%) FATCA
Systems Management
1 1 (0.93%) HP Quality Center
Vendors
1 14 (13.08%) Cognos
2 9 (8.41%) IBM
3 4 (3.74%) Oracle
4 2 (1.87%) CODA
4 2 (1.87%) Microsoft
4 2 (1.87%) Sun
4 2 (1.87%) Business Objects
5 1 (0.93%) SAP
5 1 (0.93%) HP
5 1 (0.93%) Informatica
5 1 (0.93%) Reuters
5 1 (0.93%) Netezza
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