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 5 February 2016 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
5 Feb 2016
Same period 2015 Same period 2014
Solvency II
Rank 343 331 387
Rank change year-on-year
-12 +56
Contract jobs citing Solvency II 68 74 20
As % of all contract IT jobs located in London 0.32% 0.36% 0.093%
As % of the Quality Assurance & Compliance category 3.29% 3.69% 0.97%
Number of daily rates quoted 60 47 17
Average daily rate £525 £525 £525
90% offered a daily rate of more than £349 £415 £242
10% offered a daily rate of more than £602 £650 £570
UK excluding London average daily rate £500 £488 £475
% change year-on-year
+2.56% +2.57%
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
2068 2006 2062
As % of all contract IT jobs located in London 9.78% 9.63% 9.54%
Number of daily rates quoted 1410 1389 1376
Average daily rate £468 £450 £450
Average daily rate % change year-on-year
+3.88% -
90% offered a daily rate of more than £289 £250 £275
10% offered a daily rate of more than £625 £600 £625
UK excluding London average daily rate £400 £380 £350
% change year-on-year
+5.26% +8.57%
Number of hourly rates quoted 23 27 26
Average hourly rate £22.00 £21.50 £15.00
Average hourly rate % change year-on-year
+2.32% +43.33%
90% offered a hourly rate of more than £11.50 £15.00 £11.50
10% offered a hourly rate of more than £41.20 £45.25 £72.75
UK excluding London average hourly rate £42.00 £25.00 £17.15
% change year-on-year
+68.00% +45.77%

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 5 February 2016.

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 5 February 2016. 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 +27 30 £513 - 6
Solvency II
England

Solvency II
Top 30 Related IT Skills in London

For the 6 months to 5 February 2016, 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 68 (46.58%) Finance
2 48 (32.88%) SQL
3 29 (19.86%) Business Intelligence
4 26 (17.81%) Business Analysis
5 25 (17.12%) SQL Server
6 24 (16.44%) Data Analysis
7 23 (15.75%) Data Warehouse
8 21 (14.38%) SQL Server Integration Services
9 19 (13.01%) Asset Management
9 19 (13.01%) Project Management
10 17 (11.64%) ETL
10 17 (11.64%) SDLC
11 16 (10.96%) SQL Server Reporting Services
12 15 (10.27%) Investment Management
13 14 (9.59%) Degree
13 14 (9.59%) Data Mapping
13 14 (9.59%) Reinsurance
13 14 (9.59%) Stakeholder Management
14 13 (8.90%) Legal
14 13 (8.90%) Migration
14 13 (8.90%) Analytical Skills
15 12 (8.22%) SQL Server Analysis Services
16 11 (7.53%) ISEB
16 11 (7.53%) Data Modelling
17 10 (6.85%) Microsoft
17 10 (6.85%) SharePoint
17 10 (6.85%) Markit EDM
18 9 (6.16%) Test Scripting
18 9 (6.16%) MiFID
18 9 (6.16%) EMIR

Solvency II
Top Related IT Skills in London by Category

For the 6 months to 5 February 2016, 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 10 (6.85%) SharePoint
2 1 (0.68%) SAS
Applications
1 2 (1.37%) MS Excel
1 2 (1.37%) MS Office
1 2 (1.37%) Spreadsheet
2 1 (0.68%) MS PowerPoint
2 1 (0.68%) PowerPivot
Business Applications
1 10 (6.85%) Markit EDM
2 5 (3.42%) HFM
3 1 (0.68%) Cognos Controller
3 1 (0.68%) Cognos TM1
3 1 (0.68%) Dynamics CRM
3 1 (0.68%) Eagle PACE
3 1 (0.68%) PolarLake
Cloud Services
1 4 (2.74%) Office 365
Communications & Networking
1 2 (1.37%) IMAP
Database & Business Intelligence
1 25 (17.12%) SQL Server
2 23 (15.75%) Data Warehouse
3 21 (14.38%) SQL Server Integration Services
4 16 (10.96%) SQL Server Reporting Services
5 12 (8.22%) SQL Server Analysis Services
6 5 (3.42%) SQL Server 2008
7 4 (2.74%) Microsoft Analysis Services
7 4 (2.74%) SQL Server 2012
8 3 (2.05%) Hyperion Smart View
9 2 (1.37%) BusinessObjects
9 2 (1.37%) PerformancePoint
9 2 (1.37%) Power BI
9 2 (1.37%) PowerCenter
9 2 (1.37%) SQL Server 2005
10 1 (0.68%) Base SAS
10 1 (0.68%) Data Mining
10 1 (0.68%) Microsoft Power View
10 1 (0.68%) MS Access
10 1 (0.68%) Oracle Reports
10 1 (0.68%) SAP Data Services
Development Applications
1 2 (1.37%) Team Foundation Server
1 2 (1.37%) VSS/SourceSafe
2 1 (0.68%) Eclipse
2 1 (0.68%) MSI
General
1 68 (46.58%) Finance
2 13 (8.90%) Legal
3 8 (5.48%) Advertising
4 3 (2.05%) Back Office
5 2 (1.37%) Banking
5 2 (1.37%) Financial Institution
6 1 (0.68%) Front Office
6 1 (0.68%) Investment Banking
6 1 (0.68%) Marketing
Job Titles
1 93 (63.70%) Analyst
2 63 (43.15%) Business Analyst
3 40 (27.40%) Solvency II Business Analyst
4 23 (15.75%) Insurance Business Analyst
5 18 (12.33%) Data Analyst
6 17 (11.64%) Developer
7 16 (10.96%) Data Business Analyst
8 15 (10.27%) SQL Analyst
9 14 (9.59%) Project Manager
10 12 (8.22%) Asset Management Analyst
10 12 (8.22%) SQL Data Analyst
11 11 (7.53%) Asset Management Business Analyst
12 9 (6.16%) Solvency II Project Manager
13 8 (5.48%) Regulatory Business Analyst
13 8 (5.48%) Report Analyst
14 6 (4.11%) SQL Developer
14 6 (4.11%) Systems Analyst
14 6 (4.11%) Technical Analyst
15 5 (3.42%) Business Systems Analyst
15 5 (3.42%) Systems Support
Libraries, Frameworks & Software Standards
1 4 (2.74%) MDX
2 2 (1.37%) .NET
2 2 (1.37%) XML
3 1 (0.68%) .NET Framework
Miscellaneous
1 14 (9.59%) Reinsurance
2 13 (8.90%) Analytical Skills
3 7 (4.79%) Data Extraction
3 7 (4.79%) Reference Data
4 4 (2.74%) Derivative
5 3 (2.05%) Data Integration
6 2 (1.37%) Equities
6 2 (1.37%) Fixed Income
6 2 (1.37%) Foreign Exchange (FX)
7 1 (0.68%) Computer Science
7 1 (0.68%) Data Structures
Operating Systems
1 3 (2.05%) Unix
2 1 (0.68%) Linux
Processes & Methodologies
1 29 (19.86%) Business Intelligence
2 26 (17.81%) Business Analysis
3 24 (16.44%) Data Analysis
4 19 (13.01%) Asset Management
4 19 (13.01%) Project Management
5 17 (11.64%) ETL
5 17 (11.64%) SDLC
6 15 (10.27%) Investment Management
7 14 (9.59%) Data Mapping
7 14 (9.59%) Stakeholder Management
8 13 (8.90%) Migration
9 11 (7.53%) Data Modelling
10 9 (6.16%) Change Management
10 9 (6.16%) Test Scripting
11 7 (4.79%) Data Cleansing
11 7 (4.79%) GAP Analysis
11 7 (4.79%) Risk Management
12 6 (4.11%) Data Migration
12 6 (4.11%) Fund Accounting
12 6 (4.11%) User Acceptance Testing
Programming Languages
1 48 (32.88%) SQL
2 8 (5.48%) T-SQL
3 4 (2.74%) Shell Script
4 2 (1.37%) VB
4 2 (1.37%) VBA
5 1 (0.68%) C
5 1 (0.68%) PL/SQL
5 1 (0.68%) SAS Macro
5 1 (0.68%) VBScript
Qualifications
1 14 (9.59%) Degree
2 11 (7.53%) ISEB
3 8 (5.48%) ACCA
3 8 (5.48%) CIMA
4 3 (2.05%) ISEB Practitioner
5 1 (0.68%) ISTQB Advanced Certification
5 1 (0.68%) SC Cleared
5 1 (0.68%) Security Cleared
Quality Assurance & Compliance
1 9 (6.16%) AIFMD
1 9 (6.16%) EMIR
1 9 (6.16%) MiFID
2 7 (4.79%) QA
3 6 (4.11%) Data Quality
4 5 (3.42%) GAAP
5 4 (2.74%) UCITS
6 2 (1.37%) Dodd-Frank
7 1 (0.68%) Basel III
7 1 (0.68%) COREP
7 1 (0.68%) CRD IV
7 1 (0.68%) FATCA
Vendors
1 10 (6.85%) Microsoft
2 9 (6.16%) Bloomberg
3 7 (4.79%) Tableau
4 5 (3.42%) Oracle
5 2 (1.37%) Informatica
6 1 (0.68%) Cognos
6 1 (0.68%) FactSet
6 1 (0.68%) GoldenSource
6 1 (0.68%) Reuters
6 1 (0.68%) SAP
6 1 (0.68%) SmartCo
6 1 (0.68%) Sun
London
Red10
Rate: £550 - £600 per annum
Posted: 2 days ago
London
Huxley
Rate: £550 - £600 per day
Posted: 2 days ago
London
Energon People
Rate: £500 - £650 per annum
Posted: 2 days ago
London
TEKsystems
Rate: £500 - £600 per day
Posted: 4 days ago
City, London
HFG
Rate: £450 - £500 per day
Posted: 6 days ago
City, London
Eames Consulting
Rate: £500 - £525 per day
Posted: 6 days ago