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 30 August 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
30 Aug 2016
Same period 2015 Same period 2014
Solvency II
Rank 547 550 537
Rank change year-on-year
+3 -13
Contract jobs citing Solvency II 100 109 107
As % of all contract IT jobs located in the UK 0.18% 0.19% 0.19%
As % of the Quality Assurance & Compliance category 1.97% 2.01% 1.99%
Number of daily rates quoted 82 85 80
Median daily rate £500 £500 £475
Median daily rate % change year-on-year
- +5.26%
90% offered a daily rate of more than £400 £418 £388
10% offered a daily rate of more than £650 £650 £596
UK excluding London median daily rate £480 £525 £463
% change year-on-year
-8.57% +13.51%
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
5066 5418 5367
As % of all contract IT jobs located in the UK 9.37% 9.42% 9.64%
Number of daily rates quoted 3244 3382 3304
Median daily rate £425 £425 £415
Median daily rate % change year-on-year
- +2.40%
90% offered a daily rate of more than £250 £264 £229
10% offered a daily rate of more than £575 £600 £568
UK excluding London median daily rate £400 £409 £380
% change year-on-year
-2.14% +7.56%
Number of hourly rates quoted 198 216 215
Median hourly rate £28.00 £23.75 £19.50
Median hourly rate % change year-on-year
+17.89% +21.79%
90% offered a hourly rate of more than £10.27 £12.00 £12.00
10% offered a hourly rate of more than £45.05 £59.82 £43.00
UK excluding London median hourly rate £28.15 £24.00 £20.00
% change year-on-year
+17.29% +20.00%

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 30 August 2016.

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 21 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 30 August 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
England 0 97 £500 - 7
London -10 72 £500 +5.26% 4
City of London +28 34 £475 - 4
South East +18 16 £450 -28.00% 2
West Sussex - 11 £425 -
Worthing - 9 £485 -
North West +13 5 £550 -16.66% 1
Buckinghamshire +17 4 £450 -30.76%
Milton Keynes +13 4 £450 -30.76%
Cheshire +12 4 £538 -18.56% 1
Scotland +10 3 £700 +30.23% 1
Edinburgh +2 2 £700 +115.38%
West Midlands -38 2 £475 -5.00%
Kent +6 1 £650 +126.08%
Stirling +3 1 - - 1
Swindon +2 1 £650 +30.00%
South West +1 1 £650 +32.65%
Wiltshire -3 1 £650 +30.00%
Manchester -7 1 £650 +23.80%
Shropshire -21 1 £575 +35.29%
Chester - 1 £625 -

Solvency II
Top 30 Related IT Skills

For the 6 months to 30 August 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 with a requirement for Solvency II.

1 94 (50.81%) Finance
2 51 (27.57%) SQL
3 40 (21.62%) Data Warehouse
4 31 (16.76%) Data Analysis
5 30 (16.22%) Business Analysis
6 28 (15.14%) ETL
7 27 (14.59%) Business Intelligence
8 26 (14.05%) SQL Server
9 25 (13.51%) Data Modelling
10 23 (12.43%) Stakeholder Management
11 22 (11.89%) SQL Server Integration Services
12 20 (10.81%) Data Management
12 20 (10.81%) Data Quality
13 18 (9.73%) Agile Software Development
13 18 (9.73%) Microsoft
14 17 (9.19%) Analytical Skills
15 15 (8.11%) Test Scripting
16 13 (7.03%) Migration
16 13 (7.03%) Data Migration
17 12 (6.49%) Asset Management
18 11 (5.95%) SQL Server Reporting Services
18 11 (5.95%) GAP Analysis
18 11 (5.95%) Project Management
19 10 (5.41%) ERwin
19 10 (5.41%) Enterprise Architecture
19 10 (5.41%) Legal
20 9 (4.86%) MS Excel
20 9 (4.86%) SDLC
20 9 (4.86%) SQL Server Analysis Services
20 9 (4.86%) JIRA

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 8 (4.32%) Confluence
2 1 (0.54%) BizTalk Server
2 1 (0.54%) SAS
2 1 (0.54%) SharePoint
Applications
1 9 (4.86%) MS Excel
2 5 (2.70%) MS Office
2 5 (2.70%) MS PowerPoint
3 1 (0.54%) MS Visio
Business Applications
1 5 (2.70%) Markit EDM
2 2 (1.08%) ReMetrica
3 1 (0.54%) Towers Watson Igloo
Database & Business Intelligence
1 40 (21.62%) Data Warehouse
2 26 (14.05%) SQL Server
3 22 (11.89%) SQL Server Integration Services
4 11 (5.95%) SQL Server Reporting Services
5 9 (4.86%) SQL Server Analysis Services
6 5 (2.70%) Data Mining
7 4 (2.16%) Enterprise Data Warehouse
7 4 (2.16%) SQL Server 2008
8 2 (1.08%) QlikView
9 1 (0.54%) Big Data
9 1 (0.54%) BusinessObjects
9 1 (0.54%) Data Lake
9 1 (0.54%) Microsoft Analysis Services
9 1 (0.54%) OLAP
9 1 (0.54%) Oracle Database
9 1 (0.54%) Power BI
9 1 (0.54%) PowerPivot
9 1 (0.54%) Relational Database
9 1 (0.54%) SQL Server 2012
Development Applications
1 10 (5.41%) ERwin
2 9 (4.86%) JIRA
3 3 (1.62%) FitNesse
4 1 (0.54%) HP UFT
4 1 (0.54%) Team Foundation Server
General
1 94 (50.81%) Finance
2 10 (5.41%) Legal
3 6 (3.24%) Banking
4 4 (2.16%) Advertising
5 2 (1.08%) General Ledger
5 2 (1.08%) Investment Banking
6 1 (0.54%) Back Office
6 1 (0.54%) Publishing
6 1 (0.54%) Retail
Job Titles
1 86 (46.49%) Analyst
2 48 (25.95%) Business Analyst
3 31 (16.76%) Project Manager
3 31 (16.76%) Solvency II Business Analyst
4 28 (15.14%) Architect
5 22 (11.89%) Developer
6 16 (8.65%) SSIS Developer
7 15 (8.11%) Data Analyst
7 15 (8.11%) Insurance Business Analyst
7 15 (8.11%) Test Analyst
8 13 (7.03%) Data Architect
9 12 (6.49%) Data Business Analyst
10 11 (5.95%) Solutions Architect
10 11 (5.95%) Solvency II Project Manager
11 10 (5.41%) SQL Developer
12 9 (4.86%) Finance Business Analyst
12 9 (4.86%) Financial Analyst
13 8 (4.32%) Business Intelligence Developer
13 8 (4.32%) Data Warehouse Developer
13 8 (4.32%) SQL Analyst
Libraries, Frameworks & Software Standards
1 8 (4.32%) FpML
1 8 (4.32%) XML
2 5 (2.70%) FIX Protocol
3 2 (1.08%) MDX
4 1 (0.54%) .NET
4 1 (0.54%) Middleware
4 1 (0.54%) SAP PI
Miscellaneous
1 17 (9.19%) Analytical Skills
2 4 (2.16%) Reinsurance
3 3 (1.62%) Credit Risk
3 3 (1.62%) Foreign Exchange (FX)
3 3 (1.62%) iPad
3 3 (1.62%) Virtual Team
4 2 (1.08%) Data Extraction
4 2 (1.08%) Derivative
4 2 (1.08%) Social Media
4 2 (1.08%) Visualisation
5 1 (0.54%) Computer Science
5 1 (0.54%) Data Integration
5 1 (0.54%) Digital Media
5 1 (0.54%) Enterprise Software
5 1 (0.54%) Management Information System
5 1 (0.54%) SCADA
5 1 (0.54%) Tandem
Processes & Methodologies
1 31 (16.76%) Data Analysis
2 30 (16.22%) Business Analysis
3 28 (15.14%) ETL
4 27 (14.59%) Business Intelligence
5 25 (13.51%) Data Modelling
6 23 (12.43%) Stakeholder Management
7 20 (10.81%) Data Management
8 18 (9.73%) Agile Software Development
9 15 (8.11%) Test Scripting
10 13 (7.03%) Data Migration
10 13 (7.03%) Migration
11 12 (6.49%) Asset Management
12 11 (5.95%) GAP Analysis
12 11 (5.95%) Project Management
13 10 (5.41%) Enterprise Architecture
14 9 (4.86%) SDLC
15 8 (4.32%) Analytics
15 8 (4.32%) Data Lineage
15 8 (4.32%) UML
15 8 (4.32%) User Acceptance Testing
Programming Languages
1 51 (27.57%) SQL
2 7 (3.78%) T-SQL
3 4 (2.16%) Shell Script
4 2 (1.08%) VBA
5 1 (0.54%) PL/SQL
5 1 (0.54%) VB
Qualifications
1 2 (1.08%) Degree
2 1 (0.54%) ACCA
2 1 (0.54%) CIMA
2 1 (0.54%) ISEB
2 1 (0.54%) ISEB Practitioner
Quality Assurance & Compliance
1 20 (10.81%) Data Quality
2 3 (1.62%) QA
3 1 (0.54%) Basel II
3 1 (0.54%) GAAP
3 1 (0.54%) ISO20022
3 1 (0.54%) PCI DSS
Systems Management
1 2 (1.08%) HP Quality Center
Vendors
1 18 (9.73%) Microsoft
2 3 (1.62%) Oracle
3 2 (1.08%) Bloomberg
3 2 (1.08%) Microgen
3 2 (1.08%) Murex
3 2 (1.08%) Tableau
4 1 (0.54%) Cognos
4 1 (0.54%) Guidewire
4 1 (0.54%) HP
4 1 (0.54%) MuleSoft
4 1 (0.54%) Pega
4 1 (0.54%) SAP