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 24 December 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
24 Dec 2014
Same period 2013 Same period 2012
Solvency II
Rank 481 537 468
Rank change year-on-year
+56 -69
Contract jobs citing Solvency II 111 33 93
As % of all contract IT jobs located in the UK 0.20% 0.064% 0.19%
As % of the Quality Assurance & Compliance category 2.69% 0.88% 2.60%
Number of daily rates quoted 79 29 64
Average daily rate
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£510 £500 £425
Average daily rate % change year-on-year
+2.00% +17.64%
90% offered a daily rate of more than £400 £250 £350
10% offered a daily rate of more than £705 £604 £568
UK excluding London average daily rate £500 £456 £390
% change year-on-year
+9.58% +16.98%
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
4123 3763 3576
As % of all contract IT jobs located in the UK 7.60% 7.35% 7.34%
Number of daily rates quoted 2574 2249 2067
Average daily rate £400 £415 £400
Average daily rate % change year-on-year
-3.61% +3.75%
90% offered a daily rate of more than £215 £243 £225
10% offered a daily rate of more than £600 £625 £575
UK excluding London average daily rate £371 £350 £350
% change year-on-year
+6.07% -
Number of hourly rates quoted 177 139 231
Average hourly rate £18.50 £18.50 £21.65
Average hourly rate % change year-on-year
- -14.52%
90% offered a hourly rate of more than £10.75 £11.00 £11.43
10% offered a hourly rate of more than £45.00 £44.00 £45.00
UK excluding London average hourly rate £18.75 £18.00 £21.50
% change year-on-year
+4.16% -16.27%

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 24 December 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 16 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 24 December 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 +50 111 £510 +2.00% 17
London +46 53 £519 -1.19% 13
South West -11 23 £500 +5.15%
City of London +21 22 £494 -5.95% 7
South East -15 18 £550 +37.50% 1
Surrey 0 5 £515 +8.42% 1
East of England - 2 £250 -
Scotland - - - - 2
Bournemouth - - - -
Edinburgh - - - - 2
Glasgow - - - -
Potters Bar - - - -
Southampton - - - -
Dorset - - - -
Hampshire - - - -
Hertfordshire - - - -

Solvency II
Top 30 Related IT Skills

For the 6 months to 24 December 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.

1 142 (65.74%) Finance
2 54 (25.00%) Stakeholder Management
3 25 (11.57%) Project Management
4 24 (11.11%) GAP Analysis
5 23 (10.65%) Basel II
6 22 (10.19%) Basel III
6 22 (10.19%) Analytical Skills
6 22 (10.19%) Banking
6 22 (10.19%) MS Visio
7 21 (9.72%) Data Modelling
7 21 (9.72%) Data Warehouse
8 20 (9.26%) SQL
8 20 (9.26%) Change Management
9 18 (8.33%) Business Analysis
10 17 (7.87%) Requirements Analysis
10 17 (7.87%) BPMN
10 17 (7.87%) Risk Management
11 16 (7.41%) UML
11 16 (7.41%) DSDM
11 16 (7.41%) SSADM
11 16 (7.41%) BPR
11 16 (7.41%) Business Transformation
12 14 (6.48%) MS Office
13 13 (6.02%) IMAP
14 12 (5.56%) Oracle
14 12 (5.56%) Cognos
15 11 (5.09%) Validation
15 11 (5.09%) PRINCE2
15 11 (5.09%) Data Governance
16 9 (4.17%) Data Management

Solvency II
Top Related IT Skills by Category

For the 6 months to 24 December 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 (2.31%) SAS
2 2 (0.93%) SharePoint
Applications
1 22 (10.19%) MS Visio
2 14 (6.48%) MS Office
3 5 (2.31%) MS Excel
3 5 (2.31%) MS Project
4 4 (1.85%) Spreadsheet
5 2 (0.93%) MS PowerPoint
6 1 (0.46%) S-PLUS
Business Applications
1 6 (2.78%) Cognos TM1
2 4 (1.85%) Cognos Business Intelligence
3 3 (1.39%) Oracle EBS R12
3 3 (1.39%) Oracle Financials
4 2 (0.93%) CODA-Financials
4 2 (0.93%) Markit EDM
5 1 (0.46%) HFM
5 1 (0.46%) MoSes
5 1 (0.46%) Towers Watson Igloo
Cloud Services
1 2 (0.93%) IBM Blueworks
Communications & Networking
1 13 (6.02%) IMAP
Database & Business Intelligence
1 21 (9.72%) Data Warehouse
2 6 (2.78%) Data Mart
3 5 (2.31%) SQL Server
3 5 (2.31%) Essbase
4 3 (1.39%) SQL Server Reporting Services
4 3 (1.39%) Oracle BI EE
4 3 (1.39%) SQL Server Integration Services
5 2 (0.93%) Oracle OLAP
5 2 (0.93%) QlikView
5 2 (0.93%) OLAP
5 2 (0.93%) Oracle Reports
5 2 (0.93%) SQLPlus
5 2 (0.93%) OLAP Cube
6 1 (0.46%) Snowflake Schema
6 1 (0.46%) PowerCenter
6 1 (0.46%) SQL Server 2008
6 1 (0.46%) SQL Server 2012
6 1 (0.46%) SAS Data Integration Studio
6 1 (0.46%) BusinessObjects XI
6 1 (0.46%) SQL Server Analysis Services
Development Applications
1 1 (0.46%) PowerDesigner
1 1 (0.46%) ERwin
1 1 (0.46%) JIRA
General
1 142 (65.74%) Finance
2 22 (10.19%) Banking
3 9 (4.17%) Legal
3 9 (4.17%) Advertising
4 5 (2.31%) General Ledger
5 1 (0.46%) Retail
5 1 (0.46%) Investment Banking
5 1 (0.46%) Back Office
5 1 (0.46%) Telecoms
Job Titles
1 103 (47.69%) Analyst
2 70 (32.41%) Business Analyst
3 49 (22.69%) Project Manager
4 32 (14.81%) Solvency II Business Analyst
5 23 (10.65%) Solvency II Project Manager
6 18 (8.33%) Senior Analyst
7 16 (7.41%) Senior Business Analyst
8 13 (6.02%) Programme Manager
8 13 (6.02%) Insurance Business Analyst
9 12 (5.56%) Developer
9 12 (5.56%) Systems Analyst
10 9 (4.17%) Architect
10 9 (4.17%) Business Project Manager
10 9 (4.17%) Business Manager
11 8 (3.70%) Consultant
11 8 (3.70%) Financial Analyst
12 6 (2.78%) Senior Manager
12 6 (2.78%) Data Governance Manager
12 6 (2.78%) Governance Manager
12 6 (2.78%) Data Analyst
Libraries, Frameworks & Software Standards
1 3 (1.39%) .NET
2 1 (0.46%) Web Services
Miscellaneous
1 22 (10.19%) Analytical Skills
2 3 (1.39%) PMI
3 2 (0.93%) Management Information System
3 2 (0.93%) Data Structures
3 2 (0.93%) Credit Risk
3 2 (0.93%) Data Integration
4 1 (0.46%) Enterprise Software
4 1 (0.46%) User Experience
4 1 (0.46%) Replication
4 1 (0.46%) Equities
4 1 (0.46%) Statistics
4 1 (0.46%) Taxonomies
4 1 (0.46%) Mathematics
4 1 (0.46%) Physics
Operating Systems
1 1 (0.46%) UNIX
1 1 (0.46%) Windows
Processes & Methodologies
1 54 (25.00%) Stakeholder Management
2 25 (11.57%) Project Management
3 24 (11.11%) GAP Analysis
4 21 (9.72%) Data Modelling
5 20 (9.26%) Change Management
6 18 (8.33%) Business Analysis
7 17 (7.87%) Requirements Analysis
7 17 (7.87%) BPMN
7 17 (7.87%) Risk Management
8 16 (7.41%) BPR
8 16 (7.41%) UML
8 16 (7.41%) SSADM
8 16 (7.41%) DSDM
8 16 (7.41%) Business Transformation
9 11 (5.09%) Data Governance
9 11 (5.09%) PRINCE2
9 11 (5.09%) Validation
10 9 (4.17%) Business Intelligence
10 9 (4.17%) Data Management
11 8 (3.70%) Data Analysis
Programming Languages
1 20 (9.26%) SQL
2 5 (2.31%) PL/SQL
3 4 (1.85%) VBA
4 1 (0.46%) Shell Script
4 1 (0.46%) R
4 1 (0.46%) C
Qualifications
1 7 (3.24%) Degree
2 5 (2.31%) ISEB
3 4 (1.85%) ACCA
4 3 (1.39%) PMI Certification
5 2 (0.93%) PMP
5 2 (0.93%) CIMA
6 1 (0.46%) ISTQB
6 1 (0.46%) Microsoft Certification
6 1 (0.46%) PRINCE2 Certification
6 1 (0.46%) MCSE
6 1 (0.46%) PhD
6 1 (0.46%) Six Sigma Black Belt
6 1 (0.46%) Security Cleared
6 1 (0.46%) Six Sigma Green Belt
Quality Assurance & Compliance
1 23 (10.65%) Basel II
2 22 (10.19%) Basel III
3 9 (4.17%) QA
4 5 (2.31%) Data Quality
5 2 (0.93%) FATCA
6 1 (0.46%) COREP
6 1 (0.46%) FINREP
6 1 (0.46%) Sarbanes-Oxley
6 1 (0.46%) GAAP
Systems Management
1 2 (0.93%) HP Quality Center
Vendors
1 12 (5.56%) Oracle
1 12 (5.56%) Cognos
2 9 (4.17%) Microsoft
3 5 (2.31%) IBM
4 4 (1.85%) Informatica
5 3 (1.39%) Hyperion
5 3 (1.39%) Sun
6 2 (0.93%) HP
6 2 (0.93%) Business Objects
6 2 (0.93%) CODA
7 1 (0.46%) Netezza
7 1 (0.46%) SAP
7 1 (0.46%) CA
City, London
JM
Posted: 2 days ago
Midlands
Oliver James Associates
Rate: £550 - £750 per day
Posted: 2 days ago
City, London
Oliver James Associates
Rate: £500 - £650 per day
Posted: 2 days ago
London
Maclean Moore Consulting
Rate: From £500 to £700 per day
Posted: 3 days ago
Surrey
Clearwater People Solutions
Rate: £400 - £450 Per Day
Posted: 3 days ago
City of London
Ampersand Consulting
Rate: £500 - £600 per day
Posted: 10 days ago
Edinburgh
Real Staffing
Rate: £710 per day
Posted: 22 days ago