The table below looks at the statistics for Solvency II skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Solvency II over the 3 months to 28 August 2014 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
28 Aug 2014
Same period 2013 Same period 2012
Solvency II
Rank 507 543 352
Rank change year-on-year
+36 -191
Contract jobs citing Solvency II 106 31 258
As % of all contract IT jobs located in the UK 0.19% 0.059% 0.45%
As % of the Quality Assurance & Compliance category 2.41% 0.80% 5.64%
Number of daily rates quoted 79 29 145
Average daily rate
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£475 £450 £450
Average daily rate % change year-on-year
+5.55% -
90% offered a daily rate of more than £388 £320 £363
10% offered a daily rate of more than £602 £505 £650
UK excluding London average daily rate £456 £445 £418
% change year-on-year
+2.52% +6.58%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised across the UK.

Quality Assurance & Compliance Category
UK
Contract IT job ads with a match in the
Quality Assurance & Compliance category
4403 3864 4571
As % of all contract IT jobs located in the UK 7.91% 7.34% 7.90%
Number of daily rates quoted 2670 2273 2486
Average daily rate £400 £425 £425
Average daily rate % change year-on-year
-5.88% -
90% offered a daily rate of more than £225 £263 £243
10% offered a daily rate of more than £550 £625 £600
UK excluding London average daily rate £375 £360 £360
% change year-on-year
+4.16% -
Number of hourly rates quoted 198 162 250
Average hourly rate £19.00 £17.50 £20.00
Average hourly rate % change year-on-year
+8.57% -12.50%
90% offered a hourly rate of more than £12.00 £10.00 £11.00
10% offered a hourly rate of more than £43.00 £37.50 £41.00
UK excluding London average hourly rate £19.50 £17.50 £21.25
% change year-on-year
+11.42% -17.64%

Solvency II
Jobs Demand Trend

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

Solvency II Jobs Demand Trend in the UK

Solvency II
Daily Rate Trend

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

Solvency II Daily Rate Trend in the UK

Solvency II
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Solvency II within the UK over the 3 months to 28 August 2014.

Solvency II Daily Rate Histogram in the UK

Solvency II
Hourly Rate Trend

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

Solvency II Hourly Rate Trend in the UK

Solvency II
Top 19 Contract Locations

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 UK over the 3 months to 28 August 2014. 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
England +56 101 £475 +5.55% 21
London +34 36 £525 +16.66% 12
City of London +31 12 £500 +25.00% 5
South East +4 12 £425 -19.04% 1
East of England -19 12 £431 -9.21%
West Midlands - 8 £594 -
Surrey - 4 £380 - 1
Warwickshire - 4 £388 -
Yorkshire - 3 £475 -
Hertfordshire - 3 £388 -
Bromley - 2 £450 -
York - 2 £463 -
North Yorkshire - 2 £463 -
Canary Wharf - 1 £550 -
Birmingham - - - -
Norfolk - - - -
Norwich - - - -
Reigate - - - -
Staines - - - -

Solvency II
Top 30 Related IT Skills

For the 6 months to 28 August 2014, IT contractor jobs within the UK 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.

1 106 (59.22%) Finance
2 45 (25.14%) Stakeholder Management
3 30 (16.76%) Project Management
4 26 (14.53%) GAP Analysis
5 25 (13.97%) Basel II
5 25 (13.97%) UML
6 24 (13.41%) Banking
7 23 (12.85%) Data Modelling
8 22 (12.29%) BPMN
8 22 (12.29%) MS Visio
9 21 (11.73%) Business Analysis
10 18 (10.06%) BPR
10 18 (10.06%) Requirements Analysis
10 18 (10.06%) Basel III
11 17 (9.50%) Business Transformation
11 17 (9.50%) SSADM
11 17 (9.50%) DSDM
11 17 (9.50%) SQL
12 14 (7.82%) Sun
13 13 (7.26%) Business Intelligence
13 13 (7.26%) Oracle
14 12 (6.70%) Data Warehouse
15 11 (6.15%) Risk Management
16 10 (5.59%) Legal
16 10 (5.59%) Informatica
16 10 (5.59%) Data Governance
17 9 (5.03%) Sarbanes-Oxley
17 9 (5.03%) SQL Server
17 9 (5.03%) Change Management
18 8 (4.47%) PRINCE2

Solvency II
Top Related IT Skills by Category

For the 6 months to 28 August 2014, IT contractor jobs within the UK 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 (3.35%) SharePoint
Applications
1 22 (12.29%) MS Visio
2 6 (3.35%) MS Office
2 6 (3.35%) PowerPivot
3 3 (1.68%) MS Excel
4 2 (1.12%) MS Project
4 2 (1.12%) MS PowerPoint
5 1 (0.56%) S-PLUS
Business Applications
1 3 (1.68%) Oracle Financials
1 3 (1.68%) Cognos Business Intelligence
1 3 (1.68%) Oracle EBS R12
2 2 (1.12%) MoSes
3 1 (0.56%) Markit EDM
Communications & Networking
1 7 (3.91%) IMAP
Database & Business Intelligence
1 12 (6.70%) Data Warehouse
2 9 (5.03%) SQL Server
3 6 (3.35%) ProClarity
3 6 (3.35%) QlikView
3 6 (3.35%) SQL Server 2008
4 5 (2.79%) Essbase
5 4 (2.23%) Data Mart
6 3 (1.68%) Oracle BI EE
7 2 (1.12%) Oracle OLAP
7 2 (1.12%) SQLPlus
7 2 (1.12%) OLAP
7 2 (1.12%) Oracle Reports
8 1 (0.56%) Data Mining
8 1 (0.56%) PowerCenter
8 1 (0.56%) BusinessObjects XI
Development Applications
1 1 (0.56%) PowerDesigner
1 1 (0.56%) ERwin
General
1 106 (59.22%) Finance
2 24 (13.41%) Banking
3 10 (5.59%) Legal
4 2 (1.12%) General Ledger
5 1 (0.56%) Marketing
5 1 (0.56%) Retail
5 1 (0.56%) Advertising
5 1 (0.56%) Publishing
Job Titles
1 85 (47.49%) Analyst
2 74 (41.34%) Business Analyst
3 42 (23.46%) Project Manager
4 32 (17.88%) Solvency II Business Analyst
5 23 (12.85%) Solvency II Project Manager
6 17 (9.50%) Senior Business Analyst
6 17 (9.50%) Senior Analyst
7 14 (7.82%) Developer
8 12 (6.70%) Programme Manager
9 11 (6.15%) Insurance Business Analyst
10 8 (4.47%) Business Intelligence Developer
11 6 (3.35%) Business Manager
11 6 (3.35%) Business Project Manager
11 6 (3.35%) Data Manager
11 6 (3.35%) Data Analyst
12 5 (2.79%) Senior Project Manager
12 5 (2.79%) Senior Manager
12 5 (2.79%) Architect
12 5 (2.79%) Data Governance Manager
12 5 (2.79%) Governance Manager
Libraries, Frameworks & Software Standards
1 1 (0.56%) XBRL
Miscellaneous
1 2 (1.12%) PMI
1 2 (1.12%) Equities
1 2 (1.12%) Statistics
1 2 (1.12%) Credit Risk
1 2 (1.12%) Data Integration
2 1 (0.56%) Enterprise Software
2 1 (0.56%) Mathematics
2 1 (0.56%) Physics
2 1 (0.56%) Derivative
2 1 (0.56%) Management Information System
2 1 (0.56%) Fixed Income
Operating Systems
1 1 (0.56%) UNIX
Processes & Methodologies
1 45 (25.14%) Stakeholder Management
2 30 (16.76%) Project Management
3 26 (14.53%) GAP Analysis
4 25 (13.97%) UML
5 23 (12.85%) Data Modelling
6 22 (12.29%) BPMN
7 21 (11.73%) Business Analysis
8 18 (10.06%) BPR
8 18 (10.06%) Requirements Analysis
9 17 (9.50%) Business Transformation
9 17 (9.50%) SSADM
9 17 (9.50%) DSDM
10 13 (7.26%) Business Intelligence
11 11 (6.15%) Risk Management
12 10 (5.59%) Data Governance
13 9 (5.03%) Change Management
14 8 (4.47%) PRINCE2
15 7 (3.91%) Migration
15 7 (3.91%) Waterfall
16 6 (3.35%) Kimball Methodology
Programming Languages
1 17 (9.50%) SQL
2 6 (3.35%) PL/SQL
3 4 (2.23%) VBA
4 1 (0.56%) Shell Script
4 1 (0.56%) R
Qualifications
1 8 (4.47%) Degree
2 3 (1.68%) Six Sigma Black Belt
2 3 (1.68%) Six Sigma Green Belt
3 2 (1.12%) PMI Certification
3 2 (1.12%) ACCA
3 2 (1.12%) CIMA
4 1 (0.56%) PhD
4 1 (0.56%) PRINCE2 Certification
4 1 (0.56%) Security Cleared
Quality Assurance & Compliance
1 25 (13.97%) Basel II
2 18 (10.06%) Basel III
3 9 (5.03%) Sarbanes-Oxley
4 8 (4.47%) QA
5 5 (2.79%) Data Quality
6 3 (1.68%) MiFID
7 1 (0.56%) FATCA
7 1 (0.56%) EMIR
7 1 (0.56%) CRD IV
7 1 (0.56%) Dodd-Frank
7 1 (0.56%) COREP
7 1 (0.56%) FINREP
Vendors
1 14 (7.82%) Sun
2 13 (7.26%) Oracle
3 10 (5.59%) Informatica
4 8 (4.47%) Microsoft
5 6 (3.35%) Actuate
6 4 (2.23%) Hyperion
7 3 (1.68%) Cognos
7 3 (1.68%) Business Objects
8 2 (1.12%) SAP
9 1 (0.56%) CA
9 1 (0.56%) Kalido
9 1 (0.56%) Planview
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