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 contractor rates offered in IT contracts that have cited Solvency II over the 3 months to 26 May 2016 with a comparison to the same period over 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.

3 months to
26 May 2016
Same period 2015 Same period 2014
Solvency II
Rank 364 331 387
Rank change year-on-year
-33 +56
Contract jobs citing Solvency II 65 90 29
As % of all contract IT jobs located in London 0.30% 0.40% 0.13%
As % of the Quality Assurance & Compliance category 3.33% 4.41% 1.33%
Number of daily rates quoted 57 61 23
Median daily rate £530 £550 £500
Median daily rate % change year-on-year
-3.63% +10.00%
90% offered a daily rate of more than £425 £418 £425
10% offered a daily rate of more than £670 £700 £587
UK excluding London median daily rate £668 £478 £451
% change year-on-year
+39.79% +5.99%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
1952 2041 2185
As % of all contract IT jobs located in London 8.98% 9.17% 9.65%
Number of daily rates quoted 1365 1441 1561
Median daily rate £475 £475 £450
Median daily rate % change year-on-year
- +5.55%
90% offered a daily rate of more than £300 £300 £275
10% offered a daily rate of more than £650 £639 £625
UK excluding London median daily rate £400 £375 £365
% change year-on-year
+6.66% +2.73%
Number of hourly rates quoted 24 25 25
Median hourly rate £22.50 £20.00 £22.75
Median hourly rate % change year-on-year
+12.50% -12.08%
90% offered a hourly rate of more than £14.00 £13.40 £14.80
10% offered a hourly rate of more than £41.25 £165.00 £75.00
UK excluding London median hourly rate £27.00 £23.00 £21.00
% change year-on-year
+17.39% +9.52%

Solvency II
Jobs Demand Trend in London

The demand trend of contract jobs across the London region citing Solvency II as a proportion of all IT contracts with a match in 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 26 May 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 median contractor rates quoted in IT jobs citing Solvency II within the London region over the 3 months to 26 May 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +36 34 £540 +13.68% 3
Solvency II
England

Solvency II
Top 30 Related IT Skills in London

For the 6 months to 26 May 2016, IT contractor jobs citing Solvency II also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the London region with a requirement for Solvency II.

1 62 (45.59%) Finance
2 29 (21.32%) SQL
3 24 (17.65%) Data Analysis
4 23 (16.91%) Business Analysis
5 22 (16.18%) ETL
6 21 (15.44%) Business Intelligence
6 21 (15.44%) Data Modelling
7 18 (13.24%) Data Warehouse
8 17 (12.50%) SQL Server
8 17 (12.50%) Asset Management
9 16 (11.76%) Test Scripting
10 14 (10.29%) Project Management
11 13 (9.56%) SDLC
12 12 (8.82%) GAP Analysis
13 11 (8.09%) Data Quality
14 10 (7.35%) Analytical Skills
14 10 (7.35%) Data Management
14 10 (7.35%) Migration
14 10 (7.35%) Stakeholder Management
14 10 (7.35%) SQL Server Reporting Services
14 10 (7.35%) SQL Server Integration Services
15 9 (6.62%) ISEB
15 9 (6.62%) Data Migration
15 9 (6.62%) SQL Server Analysis Services
15 9 (6.62%) Markit EDM
16 8 (5.88%) Investment Management
16 8 (5.88%) UML
16 8 (5.88%) CIMA
16 8 (5.88%) ACCA
17 7 (5.15%) Bloomberg

Solvency II
Top Related IT Skills in London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 7 (5.15%) Confluence
2 1 (0.74%) SharePoint
Applications
1 2 (1.47%) MS Excel
1 2 (1.47%) MS Office
2 1 (0.74%) MS PowerPoint
2 1 (0.74%) MS Project
2 1 (0.74%) MS Visio
2 1 (0.74%) Spreadsheet
Business Applications
1 9 (6.62%) Markit EDM
2 2 (1.47%) HFM
3 1 (0.74%) Cognos Controller
3 1 (0.74%) Cognos TM1
3 1 (0.74%) Eagle PACE
3 1 (0.74%) ReMetrica
3 1 (0.74%) Towers Watson Igloo
Cloud Services
1 4 (2.94%) Office 365
Communications & Networking
1 1 (0.74%) IMAP
Database & Business Intelligence
1 18 (13.24%) Data Warehouse
2 17 (12.50%) SQL Server
3 10 (7.35%) SQL Server Integration Services
3 10 (7.35%) SQL Server Reporting Services
4 9 (6.62%) SQL Server Analysis Services
5 3 (2.21%) Microsoft Analysis Services
6 1 (0.74%) Data Mining
6 1 (0.74%) Enterprise Data Warehouse
6 1 (0.74%) Oracle Database
6 1 (0.74%) Power BI
6 1 (0.74%) QlikView
6 1 (0.74%) SAP Data Services
6 1 (0.74%) SQL Server 2008
Development Applications
1 7 (5.15%) ERwin
1 7 (5.15%) JIRA
2 1 (0.74%) Eclipse
2 1 (0.74%) FitNesse
2 1 (0.74%) MSI
General
1 62 (45.59%) Finance
2 6 (4.41%) Legal
3 3 (2.21%) Advertising
3 3 (2.21%) Banking
4 2 (1.47%) Back Office
4 2 (1.47%) General Ledger
4 2 (1.47%) Investment Banking
Job Titles
1 75 (55.15%) Analyst
2 47 (34.56%) Business Analyst
3 36 (26.47%) Solvency II Business Analyst
4 19 (13.97%) Insurance Business Analyst
4 19 (13.97%) Project Manager
5 18 (13.24%) Developer
6 17 (12.50%) Architect
7 11 (8.09%) SQL Analyst
8 10 (7.35%) Data Business Analyst
8 10 (7.35%) Solvency II Project Manager
9 9 (6.62%) Data Architect
9 9 (6.62%) SQL Developer
10 7 (5.15%) Business Intelligence Developer
10 7 (5.15%) Senior Analyst
10 7 (5.15%) SSRS Developer
10 7 (5.15%) Test Analyst
11 6 (4.41%) Analyst Developer
11 6 (4.41%) Business Test Analyst
11 6 (4.41%) Data Warehouse Developer
11 6 (4.41%) SSIS Developer
Libraries, Frameworks & Software Standards
1 7 (5.15%) FpML
1 7 (5.15%) XML
2 6 (4.41%) MDX
3 5 (3.68%) FIX Protocol
4 1 (0.74%) .NET
Miscellaneous
1 10 (7.35%) Analytical Skills
2 5 (3.68%) Reference Data
2 5 (3.68%) Reinsurance
3 3 (2.21%) Derivative
4 2 (1.47%) Foreign Exchange (FX)
5 1 (0.74%) Computer Science
5 1 (0.74%) Data Extraction
5 1 (0.74%) Data Integration
5 1 (0.74%) Data Structures
5 1 (0.74%) Visualisation
Processes & Methodologies
1 24 (17.65%) Data Analysis
2 23 (16.91%) Business Analysis
3 22 (16.18%) ETL
4 21 (15.44%) Business Intelligence
4 21 (15.44%) Data Modelling
5 17 (12.50%) Asset Management
6 16 (11.76%) Test Scripting
7 14 (10.29%) Project Management
8 13 (9.56%) SDLC
9 12 (8.82%) GAP Analysis
10 10 (7.35%) Data Management
10 10 (7.35%) Migration
10 10 (7.35%) Stakeholder Management
11 9 (6.62%) Data Migration
12 8 (5.88%) Investment Management
12 8 (5.88%) UML
13 6 (4.41%) Data Cleansing
13 6 (4.41%) Data Governance
13 6 (4.41%) Programme Management
14 5 (3.68%) Validation
Programming Languages
1 29 (21.32%) SQL
2 5 (3.68%) T-SQL
3 4 (2.94%) Shell Script
4 2 (1.47%) VBA
5 1 (0.74%) C
Qualifications
1 9 (6.62%) ISEB
2 8 (5.88%) ACCA
2 8 (5.88%) CIMA
3 6 (4.41%) Degree
4 1 (0.74%) ISEB Practitioner
Quality Assurance & Compliance
1 11 (8.09%) Data Quality
2 7 (5.15%) GAAP
3 6 (4.41%) QA
4 2 (1.47%) AIFMD
4 2 (1.47%) EMIR
4 2 (1.47%) MiFID
Systems Management
1 1 (0.74%) HP Quality Center
Vendors
1 7 (5.15%) Bloomberg
2 4 (2.94%) Microsoft
3 3 (2.21%) Cognos
4 2 (1.47%) Microgen
4 2 (1.47%) Murex
4 2 (1.47%) Oracle
4 2 (1.47%) Tableau
5 1 (0.74%) FactSet
5 1 (0.74%) HP
5 1 (0.74%) Reuters
5 1 (0.74%) SAP
5 1 (0.74%) Sun
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