The first table below looks at the demand 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 16 April 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Quality Assurance & Compliance category.

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
16 Apr 2014
Same period 2013 Same period 2012
Solvency II
Rank 525 498 351
Rank change year-on-year
-27 -147
Contract jobs citing Solvency II 78 54 262
As % of all contract IT jobs located in the UK 0.14% 0.11% 0.43%
As % of the Quality Assurance & Compliance category 1.73% 1.48% 5.77%
Number of daily rates quoted 52 40 162
Average daily rate £500 £460 £493
Average daily rate % change year-on-year
+8.69% -6.59%
90% offered a daily rate of more than £385 £350 £325
10% offered a daily rate of more than £650 £600 £673
UK excluding London average daily rate £451 £385 £475
% change year-on-year
+17.01% -18.94%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Quality Assurance & Compliance Category
UK
Contract IT job ads with a match in the
Quality Assurance & Compliance category
4513 3660 4540
As % of all contract IT jobs located in the UK 7.85% 7.53% 7.49%
Number of daily rates quoted 2741 2150 2481
Average daily rate £400 £400 £425
Average daily rate % change year-on-year
- -5.88%
90% offered a daily rate of more than £240 £225 £225
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £363 £325 £350
% change year-on-year
+11.53% -7.14%
Number of hourly rates quoted 186 153 241
Average hourly rate £18.00 £18.85 £16.86
Average hourly rate % change year-on-year
-4.50% +11.80%
90% offered a hourly rate of more than £10.81 £10.50 £11.00
10% offered a hourly rate of more than £45.00 £54.05 £36.70
UK excluding London average hourly rate £18.00 £15.38 £16.50
% change year-on-year
+17.07% -6.81%

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 16 April 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 13 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 16 April 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
(Click each for more statistics)
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
Find
Job
Vacancies
England -17 72 £500 +8.69% 20
London -39 32 £500 - 11
City of London -7 15 £525 +9.09% 1
South East -2 11 £500 +25.00% 1
Scotland -3 6 £500 +42.85%
Edinburgh -24 5 £500 +42.85%
Surrey - 4 £525 -
Reigate - 1 £525 -
Staines - - - -
West Midlands - - - - 2
Birmingham - - - - 2
Redhill - - - -
Canary Wharf - - - -

Solvency II
Top 30 Related IT Skills

For the 6 months to 16 April 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 69 (63.89%) Finance
2 22 (20.37%) Stakeholder Management
3 20 (18.52%) SQL
4 19 (17.59%) Data Modelling
5 17 (15.74%) Basel II
5 17 (15.74%) Business Intelligence
5 17 (15.74%) UML
5 17 (15.74%) Data Warehouse
6 15 (13.89%) Banking
7 14 (12.96%) SQL Server
8 13 (12.04%) BPMN
9 12 (11.11%) Requirements Analysis
9 12 (11.11%) GAP Analysis
10 11 (10.19%) MS Visio
10 11 (10.19%) Basel III
10 11 (10.19%) Business Transformation
11 10 (9.26%) SSADM
11 10 (9.26%) DSDM
11 10 (9.26%) SharePoint
11 10 (9.26%) BPR
11 10 (9.26%) Informatica
12 9 (8.33%) Microsoft
12 9 (8.33%) SQL Server Integration Services
12 9 (8.33%) SQL Server Reporting Services
13 8 (7.41%) Actuate
13 8 (7.41%) Sarbanes-Oxley
14 7 (6.48%) Project Management
14 7 (6.48%) Java
14 7 (6.48%) Business Analysis
14 7 (6.48%) Kimball Methodology

Solvency II
Top Related IT Skills by Category

For the 6 months to 16 April 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 10 (9.26%) SharePoint
2 3 (2.78%) WebSphere
Applications
1 11 (10.19%) MS Visio
2 5 (4.63%) PowerPivot
3 4 (3.70%) MS Excel
4 2 (1.85%) MS PowerPoint
4 2 (1.85%) MS Office
5 1 (0.93%) MS Project
5 1 (0.93%) S-PLUS
Business Applications
1 3 (2.78%) MoSes
2 1 (0.93%) SAP FI
2 1 (0.93%) SAP CO
2 1 (0.93%) SAP FI/CO
Communications & Networking
1 2 (1.85%) IMAP
Database & Business Intelligence
1 17 (15.74%) Data Warehouse
2 14 (12.96%) SQL Server
3 9 (8.33%) SQL Server Integration Services
3 9 (8.33%) SQL Server Reporting Services
4 7 (6.48%) SQL Server 2008
4 7 (6.48%) SQL Server Analysis Services
5 5 (4.63%) OLAP
5 5 (4.63%) ProClarity
5 5 (4.63%) QlikView
6 2 (1.85%) Data Mining
7 1 (0.93%) PowerCenter
7 1 (0.93%) MS Access
7 1 (0.93%) Oracle Database
Development Applications
1 1 (0.93%) JIRA
General
1 69 (63.89%) Finance
2 15 (13.89%) Banking
3 4 (3.70%) General Ledger
4 3 (2.78%) Legal
5 2 (1.85%) Marketing
6 1 (0.93%) Retail Banking
6 1 (0.93%) Retail
6 1 (0.93%) Advertising
6 1 (0.93%) Publishing
Job Titles
1 41 (37.96%) Analyst
2 27 (25.00%) Business Analyst
3 19 (17.59%) Project Manager
4 17 (15.74%) Developer
5 12 (11.11%) Solvency II Project Manager
5 12 (11.11%) Business Intelligence Developer
6 11 (10.19%) Senior Business Analyst
6 11 (10.19%) Senior Analyst
6 11 (10.19%) Solvency II Business Analyst
7 8 (7.41%) Programme Manager
7 8 (7.41%) Consultant
8 7 (6.48%) Architect
8 7 (6.48%) Senior Manager
9 6 (5.56%) Test Manager
10 5 (4.63%) Senior Project Manager
10 5 (4.63%) Business Manager
10 5 (4.63%) Business Project Manager
11 4 (3.70%) Delivery Manager
11 4 (3.70%) Systems Analyst
12 3 (2.78%) Data Architect
Libraries, Frameworks & Software Standards
1 3 (2.78%) .NET
2 1 (0.93%) XBRL
Miscellaneous
1 6 (5.56%) Visualisation
2 3 (2.78%) Market Risk
3 2 (1.85%) Mathematics
3 2 (1.85%) Management Information System
3 2 (1.85%) Statistics
4 1 (0.93%) PMI
4 1 (0.93%) Derivative
4 1 (0.93%) Economics
4 1 (0.93%) Fixed Income
4 1 (0.93%) Equities
4 1 (0.93%) Physics
4 1 (0.93%) Credit Risk
4 1 (0.93%) Enterprise Software
4 1 (0.93%) iPad
Operating Systems
1 3 (2.78%) Windows
2 1 (0.93%) UNIX
Processes & Methodologies
1 22 (20.37%) Stakeholder Management
2 19 (17.59%) Data Modelling
3 17 (15.74%) Business Intelligence
3 17 (15.74%) UML
4 13 (12.04%) BPMN
5 12 (11.11%) Requirements Analysis
5 12 (11.11%) GAP Analysis
6 11 (10.19%) Business Transformation
7 10 (9.26%) SSADM
7 10 (9.26%) DSDM
7 10 (9.26%) BPR
8 7 (6.48%) Project Management
8 7 (6.48%) Business Analysis
8 7 (6.48%) Kimball Methodology
8 7 (6.48%) Waterfall
9 6 (5.56%) Risk Management
9 6 (5.56%) PRINCE2
10 5 (4.63%) Analytics
11 4 (3.70%) Investment Management
11 4 (3.70%) Asset Management
Programming Languages
1 20 (18.52%) SQL
2 7 (6.48%) Java
3 5 (4.63%) T-SQL
4 2 (1.85%) R
4 2 (1.85%) C++
5 1 (0.93%) Shell Script
5 1 (0.93%) MATLAB
5 1 (0.93%) VBA
5 1 (0.93%) PL/SQL
Qualifications
1 7 (6.48%) Degree
2 2 (1.85%) Six Sigma Green Belt
2 2 (1.85%) ISEB
3 1 (0.93%) PMI Certification
3 1 (0.93%) PhD
3 1 (0.93%) Six Sigma Black Belt
Quality Assurance & Compliance
1 17 (15.74%) Basel II
2 11 (10.19%) Basel III
3 8 (7.41%) Sarbanes-Oxley
4 3 (2.78%) MiFID
4 3 (2.78%) QA
5 2 (1.85%) Data Quality
6 1 (0.93%) ISO 9001
6 1 (0.93%) FATCA
6 1 (0.93%) EMIR
6 1 (0.93%) CRD IV
6 1 (0.93%) Dodd-Frank
6 1 (0.93%) COREP
6 1 (0.93%) FINREP
Systems Management
1 1 (0.93%) HP Quality Center
Vendors
1 10 (9.26%) Informatica
2 9 (8.33%) Microsoft
3 8 (7.41%) Actuate
4 6 (5.56%) Oracle
4 6 (5.56%) Business Objects
5 3 (2.78%) Charles River
5 3 (2.78%) Hyperion
5 3 (2.78%) SAP
6 2 (1.85%) Kalido
7 1 (0.93%) Sybase
7 1 (0.93%) Planview
Ipswich, Suffolk
LEXSTRA
Rate: £400 - £500 per day
Posted: 6 hours ago
Suffolk
Interquest - ITQ Financial - Tunbridge Wells
Rate: £425 - £450 per day
Posted: 7 hours ago
Ipswich, Suffolk
Eames Consulting
Rate: From £400 to £500 per day
Posted: 9 hours ago
London
Initi8 Recruitment
Rate: £450 - £550 Per Day
Posted: 5 days ago
City, London
ReThink Recruitment
Rate: £0.00 per annum
Posted: 5 days ago
London
HFG
Rate: £550 - £700 per day
Posted: 5 days ago
London
Interquest - IQ ESM
Rate: £450 per annum
Posted: 8 days ago
Bristol
Orgtel
Rate: £500 per day
Posted: 8 days ago
Bristol
Real Staffing
Rate: £500 per day
Posted: 9 days ago
Bristol
Real Staffing
Rate: £650 - £710 per day
Posted: 16 days ago