The table below looks at the statistics for Solvency II skills in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited Solvency II over the 3 months to 18 January 2017 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
18 Jan 2017
Same period 2016 Same period 2015
Solvency II
UK
Rank 542 530 493
Rank change year-on-year
-12 -37
Contract jobs citing Solvency II 58 88 108
As % of all contract IT jobs located in the UK 0.13% 0.17% 0.22%
As % of the Quality Assurance & Compliance category 1.33% 1.70% 2.32%
Number of daily rates quoted 51 78 71
Median daily rate £525 £525 £500
Median daily rate % change year-on-year
- +5.00%
90% offered a daily rate of more than £230 £368 £380
10% offered a daily rate of more than £700 £600 £625
UK excluding London median daily rate £538 £475 £500
% change year-on-year
+13.09% -4.95%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
4377 5180 4658
As % of all contract IT jobs located in the UK 9.76% 10.19% 9.33%
Number of daily rates quoted 2825 3187 2888
Median daily rate £450 £425 £400
Median daily rate % change year-on-year
+5.88% +6.25%
90% offered a daily rate of more than £275 £270 £220
10% offered a daily rate of more than £625 £600 £580
UK excluding London median daily rate £403 £400 £375
% change year-on-year
+0.62% +6.66%
Number of hourly rates quoted 150 202 173
Median hourly rate £25.00 £40.00 £22.00
Median hourly rate % change year-on-year
-37.50% +81.81%
90% offered a hourly rate of more than £11.30 £14.00 £11.45
10% offered a hourly rate of more than £47.50 £60.98 £47.50
UK excluding London median hourly rate £23.00 £41.50 £24.50
% change year-on-year
-44.57% +69.38%

Solvency II
Jobs Demand Trend

The demand trend of contract jobs 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 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 18 January 2017.

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 13 Contract Locations

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 UK over the 3 months to 18 January 2017. 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 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
England -5 58 £525 - 8
London -19 48 £525 -2.32% 4
City of London -34 10 £500 -1.33% 2
South East +27 7 £525 +15.06% 1
Surrey - 5 £525 -
Guildford - 4 £525 -
South West +7 1 £700 +40.00%
Bristol +2 1 £700 +24.38%
Yorkshire - 1 £400 -
West Yorkshire - 1 £400 -
Hampshire - 1 £400 -
Southampton - 1 £400 -
Leeds - 1 £400 -

Solvency II
Top 30 Related IT Skills

For the 6 months to 18 January 2017, 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 with a requirement for Solvency II.

1 69 (52.27%) Finance
2 21 (15.91%) SQL
2 21 (15.91%) Data Warehouse
3 19 (14.39%) Business Analysis
4 18 (13.64%) Data Modelling
4 18 (13.64%) Business Intelligence
4 18 (13.64%) Data Quality
5 15 (11.36%) Stakeholder Management
5 15 (11.36%) Data Analysis
6 14 (10.61%) Analytical Skills
7 11 (8.33%) Data Extraction
7 11 (8.33%) SQL Server Reporting Services
7 11 (8.33%) SQL Server
8 10 (7.58%) Agile Software Development
8 10 (7.58%) User Acceptance Testing
9 9 (6.82%) Data Governance
9 9 (6.82%) Asset Management
9 9 (6.82%) Data Management
9 9 (6.82%) Banking
9 9 (6.82%) Validation
9 9 (6.82%) Project Management
10 8 (6.06%) Sybase
10 8 (6.06%) VBA
10 8 (6.06%) Microsoft
10 8 (6.06%) Process Improvement
10 8 (6.06%) SQL Server Integration Services
11 7 (5.30%) Investment Management
11 7 (5.30%) MS Excel
11 7 (5.30%) Risk Management
12 6 (4.55%) Retail

Solvency II
Top Related IT Skills 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 2 (1.52%) BizTalk Server
1 2 (1.52%) Oracle SOA Suite
1 2 (1.52%) SAS
1 2 (1.52%) SharePoint
Applications
1 7 (5.30%) MS Excel
2 5 (3.79%) MS Office
3 4 (3.03%) MS PowerPoint
4 2 (1.52%) MS Visio
5 1 (0.76%) MS Project
Business Applications
1 2 (1.52%) Dynamics AX
1 2 (1.52%) Dynamics CRM
1 2 (1.52%) Markit EDM
2 1 (0.76%) Dynamics GP
2 1 (0.76%) ReMetrica
Communications & Networking
1 1 (0.76%) IMAP
Database & Business Intelligence
1 21 (15.91%) Data Warehouse
2 11 (8.33%) SQL Server
2 11 (8.33%) SQL Server Reporting Services
3 8 (6.06%) SQL Server Integration Services
4 6 (4.55%) SQL Server Analysis Services
5 4 (3.03%) Data Mining
6 2 (1.52%) Big Data
6 2 (1.52%) Hadoop
6 2 (1.52%) MS Access
6 2 (1.52%) SAS EBI
7 1 (0.76%) Microsoft Analysis Services
Development Applications
1 2 (1.52%) JIRA
1 2 (1.52%) Subversion
1 2 (1.52%) Visual Studio
2 1 (0.76%) Team Foundation Server
General
1 69 (52.27%) Finance
2 9 (6.82%) Banking
3 6 (4.55%) Retail
4 3 (2.27%) Advertising
4 3 (2.27%) Legal
5 2 (1.52%) Investment Banking
5 2 (1.52%) Retail Banking
5 2 (1.52%) Wholesale Banking
Job Titles
1 69 (52.27%) Analyst
2 46 (34.85%) Business Analyst
3 18 (13.64%) Project Manager
3 18 (13.64%) Solvency II Business Analyst
4 17 (12.88%) Data Analyst
5 11 (8.33%) Developer
6 10 (7.58%) Data Quality Analyst
6 10 (7.58%) Quality Analyst
7 9 (6.82%) Insurance Business Analyst
8 8 (6.06%) Excel Analyst
8 8 (6.06%) Solvency II Project Manager
9 7 (5.30%) Business Intelligence Analyst
9 7 (5.30%) Data Business Analyst
9 7 (5.30%) Report Analyst
10 6 (4.55%) Business Intelligence Business Analyst
10 6 (4.55%) Business Intelligence Developer
10 6 (4.55%) Transition Manager
11 5 (3.79%) Financial Analyst
11 5 (3.79%) Service Manager
11 5 (3.79%) SQL Developer
Libraries, Frameworks & Software Standards
1 3 (2.27%) .NET
1 3 (2.27%) MDX
2 2 (1.52%) ASP.NET
2 2 (1.52%) Flash
2 2 (1.52%) Middleware
2 2 (1.52%) SAP PI
Miscellaneous
1 14 (10.61%) Analytical Skills
2 11 (8.33%) Data Extraction
3 5 (3.79%) Reference Data
3 5 (3.79%) Reinsurance
4 4 (3.03%) Market Risk
5 3 (2.27%) Credit Risk
5 3 (2.27%) Data Integration
5 3 (2.27%) Data Protection Act
5 3 (2.27%) Management Information System
6 2 (1.52%) Algorithms
6 2 (1.52%) Digital Media
6 2 (1.52%) Enterprise Software
6 2 (1.52%) Foreign Exchange (FX)
6 2 (1.52%) Mathematics
6 2 (1.52%) Physics
6 2 (1.52%) SCADA
6 2 (1.52%) Social Media
7 1 (0.76%) Data Centre
7 1 (0.76%) Data Structures
7 1 (0.76%) Fintech
Operating Systems
1 2 (1.52%) Unix
Processes & Methodologies
1 19 (14.39%) Business Analysis
2 18 (13.64%) Business Intelligence
2 18 (13.64%) Data Modelling
3 15 (11.36%) Data Analysis
3 15 (11.36%) Stakeholder Management
4 10 (7.58%) Agile Software Development
4 10 (7.58%) User Acceptance Testing
5 9 (6.82%) Asset Management
5 9 (6.82%) Data Governance
5 9 (6.82%) Data Management
5 9 (6.82%) Project Management
5 9 (6.82%) Validation
6 8 (6.06%) Process Improvement
7 7 (5.30%) Investment Management
7 7 (5.30%) Risk Management
8 5 (3.79%) Change Management
8 5 (3.79%) ETL
8 5 (3.79%) ITIL
8 5 (3.79%) PRINCE2
8 5 (3.79%) Risk Assessment
Programming Languages
1 21 (15.91%) SQL
2 8 (6.06%) VBA
3 6 (4.55%) T-SQL
4 3 (2.27%) C#
5 2 (1.52%) C++
5 2 (1.52%) Python
5 2 (1.52%) Shell Script
5 2 (1.52%) VB.NET
Qualifications
1 5 (3.79%) Degree
2 2 (1.52%) IIBA
2 2 (1.52%) ISEB
3 1 (0.76%) AAT
3 1 (0.76%) ACCA
3 1 (0.76%) ISTQB
3 1 (0.76%) ISTQB Foundation Certification
3 1 (0.76%) ITIL Certification
3 1 (0.76%) PMI Certification
3 1 (0.76%) PMP
3 1 (0.76%) PRINCE2 Practitioner
Quality Assurance & Compliance
1 18 (13.64%) Data Quality
2 4 (3.03%) MiFID
2 4 (3.03%) Sarbanes-Oxley
3 2 (1.52%) Basel III
3 2 (1.52%) QA
4 1 (0.76%) Basel II
4 1 (0.76%) EMIR
4 1 (0.76%) UCITS
Vendors
1 8 (6.06%) Microsoft
1 8 (6.06%) Sybase
2 3 (2.27%) Tableau
3 2 (1.52%) Algorithmics
3 2 (1.52%) Bloomberg
3 2 (1.52%) Cloudera
3 2 (1.52%) Guidewire
3 2 (1.52%) MuleSoft
3 2 (1.52%) Oracle
3 2 (1.52%) Pega
3 2 (1.52%) Perforce
3 2 (1.52%) SAP
4 1 (0.76%) Cognos
4 1 (0.76%) Informatica
Worthing, West Sussex
ARC IT Recruitment Ltd
Rate: £Competitive day rate
Posted: 4 days ago
West Midlands
Spring Technology
Rate: £500.00 - £750.00 per day
Posted: 5 days ago
City, London
Harvey Nash plc
Rate: £450 - £500 per day + None
Posted: 16 hours ago