The table below looks at the statistics for Solvency II skills in IT contracts advertised for the South West 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 138 129 115
Rank change year-on-year
-9 -14
Contract jobs citing Solvency II 6 18 13
As % of all contract IT jobs located in the South West 0.20% 0.56% 0.52%
As % of the Quality Assurance & Compliance category 1.52% 5.00% 5.31%
Number of daily rates quoted 6 18 11
Average daily rate £500 £500 £476
Average daily rate % change year-on-year
- +5.15%
90% offered a daily rate of more than £438 £380 £408
10% offered a daily rate of more than £600 £512 £700
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 South West region.

Quality Assurance & Compliance Category
South West
Contract IT job ads with a match in the
Quality Assurance & Compliance category
394 360 245
As % of all contract IT jobs located in the South West 13.10% 11.27% 9.83%
Number of daily rates quoted 260 237 149
Average daily rate £390 £450 £375
Average daily rate % change year-on-year
-13.33% +20.00%
90% offered a daily rate of more than £238 £245 £180
10% offered a daily rate of more than £500 £673 £600
UK excluding London average daily rate £400 £380 £350
% change year-on-year
+5.26% +8.57%
Number of hourly rates quoted 34 23 14
Average hourly rate £42.00 £38.00 £23.75
Average hourly rate % change year-on-year
+10.52% +60.00%
90% offered a hourly rate of more than £25.35 £10.13 £10.22
10% offered a hourly rate of more than £50.00 £53.75 £40.75
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 the South West

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

Solvency II Jobs Demand Trend in the South West

Solvency II
Daily Rate Trend in the South West

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

Solvency II Daily Rate Trend in the South West

Solvency II
Daily Rate Histogram in the South West

This chart provides a histogram of daily rates quoted in contract IT jobs citing Solvency II across the South West region over the 3 months to 5 February 2016.

Solvency II Daily Rate Histogram in the South West

Solvency II
Contract Job Locations in the South West

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 South West 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
Wiltshire -7 4 £500 -
Bristol -7 2 £563 +27.89%
Solvency II
England

Solvency II
Top 30 Related IT Skills in the South West

For the 6 months to 5 February 2016, IT contractor jobs across the South West 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 14 (93.33%) Finance
2 9 (60.00%) Stakeholder Management
3 7 (46.67%) Banking
3 7 (46.67%) Data Modelling
4 6 (40.00%) DSDM
4 6 (40.00%) UML
4 6 (40.00%) SSADM
4 6 (40.00%) MS Visio
4 6 (40.00%) BPR
4 6 (40.00%) GAP Analysis
4 6 (40.00%) Basel II
4 6 (40.00%) Requirements Analysis
4 6 (40.00%) Basel III
4 6 (40.00%) Business Transformation
5 5 (33.33%) Use Case
5 5 (33.33%) BPMN
5 5 (33.33%) Business Analysis
6 4 (26.67%) Migration
7 3 (20.00%) Data Warehouse
7 3 (20.00%) SQL
7 3 (20.00%) Asset Management
7 3 (20.00%) General Ledger
7 3 (20.00%) Data Migration
8 2 (13.33%) Target Operating Model
8 2 (13.33%) MS Excel
9 1 (6.67%) Cognos
9 1 (6.67%) Oracle 11i
9 1 (6.67%) IBM
9 1 (6.67%) Microsoft
9 1 (6.67%) ISEB

Solvency II
Top Related IT Skills in the South West by Category

For the 6 months to 5 February 2016, IT contractor jobs across the South West 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 1 (6.67%) Oracle Workflow
Applications
1 6 (40.00%) MS Visio
2 2 (13.33%) MS Excel
3 1 (6.67%) MS PowerPoint
Business Applications
1 1 (6.67%) Oracle 11i
1 1 (6.67%) Oracle EBS
1 1 (6.67%) Oracle EBS R12
1 1 (6.67%) Oracle Financials
1 1 (6.67%) Oracle General Ledger
Database & Business Intelligence
1 3 (20.00%) Data Warehouse
2 1 (6.67%) Essbase
2 1 (6.67%) Oracle BI EE
2 1 (6.67%) Oracle Reports
2 1 (6.67%) Relational Database
General
1 14 (93.33%) Finance
2 7 (46.67%) Banking
3 3 (20.00%) General Ledger
Job Titles
1 13 (86.67%) Analyst
1 13 (86.67%) Business Analyst
2 6 (40.00%) Senior Analyst
2 6 (40.00%) Senior Business Analyst
3 5 (33.33%) Process Analyst
3 5 (33.33%) Senior Process Analyst
4 3 (20.00%) Solvency II Business Analyst
5 2 (13.33%) Lead Business Analyst
5 2 (13.33%) Migration Analyst
6 1 (6.67%) Customer Analyst
6 1 (6.67%) Data Business Analyst
6 1 (6.67%) Data Migration Analyst
6 1 (6.67%) Data Migration Business Analyst
6 1 (6.67%) Insurance Business Analyst
6 1 (6.67%) Programme Manager
Libraries, Frameworks & Software Standards
1 1 (6.67%) COM
Miscellaneous
1 1 (6.67%) Statistics
Processes & Methodologies
1 9 (60.00%) Stakeholder Management
2 7 (46.67%) Data Modelling
3 6 (40.00%) BPR
3 6 (40.00%) Business Transformation
3 6 (40.00%) DSDM
3 6 (40.00%) GAP Analysis
3 6 (40.00%) Requirements Analysis
3 6 (40.00%) SSADM
3 6 (40.00%) UML
4 5 (33.33%) BPMN
4 5 (33.33%) Business Analysis
4 5 (33.33%) Use Case
5 4 (26.67%) Migration
6 3 (20.00%) Asset Management
6 3 (20.00%) Data Migration
7 2 (13.33%) Target Operating Model
8 1 (6.67%) Continuous Improvement
8 1 (6.67%) Data Mapping
8 1 (6.67%) Data Validation
8 1 (6.67%) Fund Accounting
Programming Languages
1 3 (20.00%) SQL
2 1 (6.67%) VBA
Qualifications
1 1 (6.67%) ACCA
1 1 (6.67%) CFA
1 1 (6.67%) CIMA
1 1 (6.67%) ISEB
Quality Assurance & Compliance
1 6 (40.00%) Basel II
1 6 (40.00%) Basel III
Vendors
1 1 (6.67%) Cognos
1 1 (6.67%) IBM
1 1 (6.67%) Microsoft
1 1 (6.67%) Oracle