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 19 September 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
19 Sep 2014
Same period 2013 Same period 2012
Solvency II
Rank 504 553 349
Rank change year-on-year
+49 -204
Contract jobs citing Solvency II 108 33 275
As % of all contract IT jobs located in the UK 0.19% 0.063% 0.48%
As % of the Quality Assurance & Compliance category 2.43% 0.83% 6.12%
Number of daily rates quoted 86 31 163
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£480 £475 £450
Average daily rate % change year-on-year
+1.05% +5.55%
90% offered a daily rate of more than £375 £365 £363
10% offered a daily rate of more than £688 £500 £625
UK excluding London average daily rate £475 £475 £421
% change year-on-year
- +12.75%
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
4451 3970 4497
As % of all contract IT jobs located in the UK 7.73% 7.52% 7.80%
Number of daily rates quoted 2693 2338 2482
Average daily rate £400 £425 £425
Average daily rate % change year-on-year
-5.88% -
90% offered a daily rate of more than £225 £250 £238
10% offered a daily rate of more than £555 £620 £600
UK excluding London average daily rate £375 £354 £363
% change year-on-year
+6.00% -2.41%
Number of hourly rates quoted 220 161 237
Average hourly rate £19.75 £17.50 £20.00
Average hourly rate % change year-on-year
+12.85% -12.50%
90% offered a hourly rate of more than £12.00 £10.50 £11.00
10% offered a hourly rate of more than £45.00 £37.50 £41.94
UK excluding London average hourly rate £20.00 £17.50 £21.00
% change year-on-year
+14.28% -16.66%

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 19 September 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 19 September 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 +64 104 £480 +1.05% 28
London +37 37 £500 - 14
South West -25 29 £483 +11.56% 9
South East +22 18 £450 -10.00% 2
City of London +42 15 £500 -25.92% 7
Bristol -2 15 £413 +0.60% 8
Surrey +3 8 £400 -20.00% 1
East of England -17 8 £425 -10.52%
Edinburgh - 4 £450 - 3
Scotland - 4 £450 - 3
Yorkshire - 3 £475 -
North Yorkshire - 2 £463 -
Bromley - 2 £450 -
York - 2 £463 -
Canary Wharf - 1 £550 -
Norfolk - - - -
Norwich - - - -
Reigate - - - -
Staines - - - -

Solvency II
Top 30 Related IT Skills

For the 6 months to 19 September 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.

1 113 (60.11%) Finance
2 44 (23.40%) Stakeholder Management
3 30 (15.96%) Project Management
4 25 (13.30%) GAP Analysis
5 23 (12.23%) MS Visio
6 22 (11.70%) Data Modelling
6 22 (11.70%) UML
6 22 (11.70%) Basel II
6 22 (11.70%) Banking
7 19 (10.11%) BPMN
8 18 (9.57%) SQL
9 17 (9.04%) BPR
9 17 (9.04%) Business Analysis
9 17 (9.04%) Requirements Analysis
9 17 (9.04%) Basel III
10 16 (8.51%) Oracle
10 16 (8.51%) SSADM
10 16 (8.51%) DSDM
11 15 (7.98%) Change Management
11 15 (7.98%) Risk Management
11 15 (7.98%) Business Transformation
12 14 (7.45%) Analytical Skills
12 14 (7.45%) Sun
13 12 (6.38%) Business Intelligence
13 12 (6.38%) Data Warehouse
13 12 (6.38%) Agile Software Development
14 11 (5.85%) Legal
15 10 (5.32%) Data Governance
16 9 (4.79%) Degree
16 9 (4.79%) QA

Solvency II
Top Related IT Skills by Category

For the 6 months to 19 September 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 5 (2.66%) SharePoint
2 1 (0.53%) SAS
Applications
1 23 (12.23%) MS Visio
2 9 (4.79%) MS Office
3 4 (2.13%) PowerPivot
4 3 (1.60%) MS Excel
5 1 (0.53%) MS PowerPoint
5 1 (0.53%) S-PLUS
5 1 (0.53%) MS Project
Business Applications
1 3 (1.60%) Cognos Business Intelligence
1 3 (1.60%) Oracle EBS R12
1 3 (1.60%) Oracle Financials
2 2 (1.06%) CODA-Financials
2 2 (1.06%) MoSes
2 2 (1.06%) Markit EDM
3 1 (0.53%) HFM
Cloud Services
1 2 (1.06%) IBM Blueworks
Communications & Networking
1 7 (3.72%) IMAP
Database & Business Intelligence
1 12 (6.38%) Data Warehouse
2 8 (4.26%) SQL Server
3 5 (2.66%) QlikView
3 5 (2.66%) SQL Server 2008
3 5 (2.66%) Essbase
4 4 (2.13%) ProClarity
4 4 (2.13%) Data Mart
5 3 (1.60%) Oracle BI EE
5 3 (1.60%) Oracle Reports
6 2 (1.06%) PowerCenter
6 2 (1.06%) SQLPlus
6 2 (1.06%) OLAP
6 2 (1.06%) Oracle OLAP
7 1 (0.53%) BusinessObjects XI
7 1 (0.53%) Data Mining
Development Applications
1 1 (0.53%) PowerDesigner
1 1 (0.53%) ERwin
General
1 113 (60.11%) Finance
2 22 (11.70%) Banking
3 11 (5.85%) Legal
4 3 (1.60%) General Ledger
5 1 (0.53%) Marketing
5 1 (0.53%) Advertising
5 1 (0.53%) Retail
Job Titles
1 90 (47.87%) Analyst
2 75 (39.89%) Business Analyst
3 45 (23.94%) Project Manager
4 34 (18.09%) Solvency II Business Analyst
5 26 (13.83%) Solvency II Project Manager
6 15 (7.98%) Developer
6 15 (7.98%) Senior Business Analyst
6 15 (7.98%) Senior Analyst
7 12 (6.38%) Programme Manager
8 11 (5.85%) Insurance Business Analyst
9 8 (4.26%) Data Manager
10 7 (3.72%) Data Governance Manager
10 7 (3.72%) Governance Manager
10 7 (3.72%) Consultant
11 6 (3.19%) Architect
11 6 (3.19%) Data Analyst
11 6 (3.19%) Business Project Manager
11 6 (3.19%) Business Intelligence Developer
11 6 (3.19%) Business Manager
12 4 (2.13%) Actuary
Libraries, Frameworks & Software Standards
1 1 (0.53%) XBRL
Miscellaneous
1 14 (7.45%) Analytical Skills
2 2 (1.06%) PMI
2 2 (1.06%) Equities
2 2 (1.06%) Management Information System
2 2 (1.06%) Data Integration
2 2 (1.06%) Statistics
3 1 (0.53%) Derivative
3 1 (0.53%) Credit Risk
3 1 (0.53%) Mathematics
3 1 (0.53%) Physics
3 1 (0.53%) User Experience
3 1 (0.53%) Enterprise Software
3 1 (0.53%) Fixed Income
Operating Systems
1 2 (1.06%) UNIX
2 1 (0.53%) Windows
Processes & Methodologies
1 44 (23.40%) Stakeholder Management
2 30 (15.96%) Project Management
3 25 (13.30%) GAP Analysis
4 22 (11.70%) Data Modelling
4 22 (11.70%) UML
5 19 (10.11%) BPMN
6 17 (9.04%) BPR
6 17 (9.04%) Business Analysis
6 17 (9.04%) Requirements Analysis
7 16 (8.51%) SSADM
7 16 (8.51%) DSDM
8 15 (7.98%) Change Management
8 15 (7.98%) Risk Management
8 15 (7.98%) Business Transformation
9 12 (6.38%) Business Intelligence
9 12 (6.38%) Agile Software Development
10 10 (5.32%) Data Governance
11 8 (4.26%) User Acceptance Testing
12 7 (3.72%) Migration
12 7 (3.72%) PRINCE2
Programming Languages
1 18 (9.57%) SQL
2 6 (3.19%) PL/SQL
3 4 (2.13%) VBA
4 2 (1.06%) Shell Script
5 1 (0.53%) R
Qualifications
1 9 (4.79%) Degree
2 4 (2.13%) ACCA
3 3 (1.60%) Six Sigma Black Belt
3 3 (1.60%) Six Sigma Green Belt
4 2 (1.06%) PRINCE2 Certification
4 2 (1.06%) PMI Certification
4 2 (1.06%) CIMA
5 1 (0.53%) Security Cleared
5 1 (0.53%) PhD
Quality Assurance & Compliance
1 22 (11.70%) Basel II
2 17 (9.04%) Basel III
3 9 (4.79%) QA
4 5 (2.66%) Data Quality
4 5 (2.66%) Sarbanes-Oxley
5 3 (1.60%) FATCA
6 2 (1.06%) COREP
6 2 (1.06%) FINREP
7 1 (0.53%) MiFID
7 1 (0.53%) EMIR
7 1 (0.53%) CRD IV
7 1 (0.53%) Dodd-Frank
7 1 (0.53%) GAAP
Systems Management
1 1 (0.53%) HP Quality Center
Vendors
1 16 (8.51%) Oracle
2 14 (7.45%) Sun
3 9 (4.79%) Informatica
4 7 (3.72%) Microsoft
5 4 (2.13%) Hyperion
5 4 (2.13%) Actuate
5 4 (2.13%) Business Objects
6 3 (1.60%) Cognos
7 2 (1.06%) CODA
8 1 (0.53%) Kalido
8 1 (0.53%) HP
8 1 (0.53%) CA
London
HFG
Rate: £750 - £1200 per day
Posted: Yesterday
Bristol
HFG
Rate: £0 - £750 per day
Posted: Yesterday
Manchester
HFG
Rate: £0 - £900 per day
Posted: Yesterday
Swindon, Wiltshire
Clarity Resourcing Ltd
Rate: £450 - £550 per day
Posted: Yesterday
City, London
Oliver James Associates
Rate: £500 - £650 per annum
Posted: 2 days ago
South East
Lawrence Harvey IT & Change
Rate: £500.00 - £550.00 per day
Posted: 2 days ago
London
HFG
Rate: £300 - £450 per day
Posted: 3 days ago
Bristol
Orgtel
Rate: £475 - £550 per day + competitive
Posted: 3 days ago
Surrey
Lawrence Harvey IT & Change
Rate: £500.00 - £550.00 per day
Posted: 4 days ago
Bristol, Avon
Sanderson
Posted: 4 days ago
Bristol
Real Staffing
Rate: competitive
Posted: 10 days ago
Greater Manchester
HFG
Rate: £800 - £1000 per day
Posted: 15 days ago
Bristol
HFG
Rate: £600 - £800 per day
Posted: 15 days ago
Bristol
Orgtel
Rate: £350 - £400 per day
Posted: 16 days ago
Bristol
Hays IT - Uk Posting account
Rate: £350.00 - £400.00 per day
Posted: 17 days ago
Edinburgh
Cathcart Associates
Rate: £350 - £450 per day
Posted: 23 days ago