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 1 October 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
1 Oct 2014
Same period 2013 Same period 2012
Solvency II
Rank 517 553 348
Rank change year-on-year
+36 -205
Contract jobs citing Solvency II 100 37 264
As % of all contract IT jobs located in the UK 0.17% 0.070% 0.46%
As % of the Quality Assurance & Compliance category 2.27% 0.94% 5.88%
Number of daily rates quoted 81 35 157
Average daily rate
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of your Daily Rate
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£500 £475 £450
Average daily rate % change year-on-year
+5.26% +5.55%
90% offered a daily rate of more than £375 £379 £363
10% offered a daily rate of more than £800 £570 £625
UK excluding London average daily rate £483 £475 £425
% change year-on-year
+1.57% +11.76%
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
4401 3939 4488
As % of all contract IT jobs located in the UK 7.69% 7.48% 7.81%
Number of daily rates quoted 2694 2337 2536
Average daily rate £400 £425 £424
Average daily rate % change year-on-year
-5.88% +0.23%
90% offered a daily rate of more than £225 £250 £238
10% offered a daily rate of more than £575 £600 £600
UK excluding London average daily rate £375 £350 £375
% change year-on-year
+7.14% -6.66%
Number of hourly rates quoted 219 145 244
Average hourly rate £20.00 £17.50 £19.70
Average hourly rate % change year-on-year
+14.28% -11.16%
90% offered a hourly rate of more than £11.80 £10.65 £10.78
10% offered a hourly rate of more than £45.00 £37.20 £41.71
UK excluding London average hourly rate £20.00 £17.50 £20.00
% change year-on-year
+14.28% -12.50%

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 1 October 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 20 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 1 October 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 +43 96 £500 +3.62% 30
South West -12 29 £483 +11.56% 10
London +21 28 £525 +5.00% 11
South East +9 22 £500 - 2
Bristol -4 14 £413 +0.60% 7
City of London +43 13 £475 -29.62% 4
Surrey +7 8 £400 -20.00%
Dorset - 5 £500 - 3
Bournemouth - 5 £500 - 3
East of England -26 4 £406 -14.47%
Scotland - 4 £450 -
Edinburgh - 4 £450 -
Yorkshire - 4 £475 -
North Yorkshire - 2 £463 -
York - 2 £463 -
Norwich - - - -
Reigate - - - -
Staines - - - -
Norfolk - - - -
Canary Wharf - - - -

Solvency II
Top 30 Related IT Skills

For the 6 months to 1 October 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.

1 116 (61.05%) Finance
2 45 (23.68%) Stakeholder Management
3 30 (15.79%) Project Management
4 23 (12.11%) MS Visio
4 23 (12.11%) Banking
4 23 (12.11%) GAP Analysis
5 22 (11.58%) Basel II
6 21 (11.05%) Data Modelling
6 21 (11.05%) UML
7 20 (10.53%) Basel III
8 19 (10.00%) Business Analysis
8 19 (10.00%) SQL
9 18 (9.47%) BPMN
10 17 (8.95%) Requirements Analysis
10 17 (8.95%) BPR
11 16 (8.42%) Oracle
11 16 (8.42%) SSADM
11 16 (8.42%) DSDM
12 15 (7.89%) Change Management
12 15 (7.89%) Risk Management
12 15 (7.89%) Business Transformation
13 14 (7.37%) Sun
14 12 (6.32%) Business Intelligence
14 12 (6.32%) Data Warehouse
14 12 (6.32%) Analytical Skills
15 11 (5.79%) Agile Software Development
16 10 (5.26%) Legal
16 10 (5.26%) Microsoft
16 10 (5.26%) PRINCE2
16 10 (5.26%) Data Governance

Solvency II
Top Related IT Skills by Category

For the 6 months to 1 October 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 4 (2.11%) SharePoint
2 1 (0.53%) SAS
Applications
1 23 (12.11%) MS Visio
2 9 (4.74%) MS Office
3 3 (1.58%) PowerPivot
3 3 (1.58%) MS Excel
4 1 (0.53%) MS PowerPoint
4 1 (0.53%) MS Project
4 1 (0.53%) S-PLUS
Business Applications
1 3 (1.58%) Cognos Business Intelligence
1 3 (1.58%) Oracle EBS R12
1 3 (1.58%) Oracle Financials
2 2 (1.05%) CODA-Financials
2 2 (1.05%) Markit EDM
2 2 (1.05%) MoSes
3 1 (0.53%) HFM
Cloud Services
1 2 (1.05%) IBM Blueworks
Communications & Networking
1 8 (4.21%) IMAP
Database & Business Intelligence
1 12 (6.32%) Data Warehouse
2 8 (4.21%) SQL Server
3 5 (2.63%) Essbase
4 4 (2.11%) SQL Server 2008
4 4 (2.11%) Data Mart
4 4 (2.11%) QlikView
5 3 (1.58%) Oracle BI EE
5 3 (1.58%) Oracle Reports
5 3 (1.58%) ProClarity
6 2 (1.05%) OLAP
6 2 (1.05%) PowerCenter
6 2 (1.05%) SQLPlus
6 2 (1.05%) SQL Server Reporting Services
6 2 (1.05%) SQL Server Integration Services
6 2 (1.05%) Oracle OLAP
7 1 (0.53%) BusinessObjects XI
Development Applications
1 1 (0.53%) PowerDesigner
1 1 (0.53%) ERwin
General
1 116 (61.05%) Finance
2 23 (12.11%) Banking
3 10 (5.26%) Legal
4 3 (1.58%) General Ledger
4 3 (1.58%) Advertising
5 1 (0.53%) Marketing
5 1 (0.53%) Investment Banking
5 1 (0.53%) Retail
Job Titles
1 95 (50.00%) Analyst
2 75 (39.47%) Business Analyst
3 40 (21.05%) Project Manager
4 32 (16.84%) Solvency II Business Analyst
5 22 (11.58%) Solvency II Project Manager
6 15 (7.89%) Senior Business Analyst
6 15 (7.89%) Senior Analyst
7 14 (7.37%) Developer
8 13 (6.84%) Programme Manager
9 11 (5.79%) Insurance Business Analyst
10 9 (4.74%) Systems Analyst
11 8 (4.21%) Architect
11 8 (4.21%) Data Manager
12 7 (3.68%) Governance Manager
12 7 (3.68%) Data Governance Manager
12 7 (3.68%) Consultant
13 5 (2.63%) Business Intelligence Developer
13 5 (2.63%) Data Analyst
14 4 (2.11%) Business Project Manager
14 4 (2.11%) Process Analyst
Libraries, Frameworks & Software Standards
1 3 (1.58%) .NET
2 1 (0.53%) XBRL
Miscellaneous
1 12 (6.32%) Analytical Skills
2 2 (1.05%) Management Information System
2 2 (1.05%) Equities
2 2 (1.05%) PMI
2 2 (1.05%) Data Integration
2 2 (1.05%) Statistics
3 1 (0.53%) Credit Risk
3 1 (0.53%) Mathematics
3 1 (0.53%) Physics
3 1 (0.53%) Derivative
3 1 (0.53%) User Experience
3 1 (0.53%) Enterprise Software
3 1 (0.53%) Fixed Income
Operating Systems
1 2 (1.05%) UNIX
2 1 (0.53%) Windows
Processes & Methodologies
1 45 (23.68%) Stakeholder Management
2 30 (15.79%) Project Management
3 23 (12.11%) GAP Analysis
4 21 (11.05%) Data Modelling
4 21 (11.05%) UML
5 19 (10.00%) Business Analysis
6 18 (9.47%) BPMN
7 17 (8.95%) Requirements Analysis
7 17 (8.95%) BPR
8 16 (8.42%) SSADM
8 16 (8.42%) DSDM
9 15 (7.89%) Change Management
9 15 (7.89%) Risk Management
9 15 (7.89%) Business Transformation
10 12 (6.32%) Business Intelligence
11 11 (5.79%) Agile Software Development
12 10 (5.26%) PRINCE2
12 10 (5.26%) Data Governance
13 8 (4.21%) User Acceptance Testing
14 7 (3.68%) Data Management
Programming Languages
1 19 (10.00%) SQL
2 6 (3.16%) PL/SQL
3 4 (2.11%) VBA
4 2 (1.05%) Shell Script
5 1 (0.53%) R
Qualifications
1 9 (4.74%) Degree
2 4 (2.11%) ACCA
3 3 (1.58%) ISEB
4 2 (1.05%) CIMA
4 2 (1.05%) PRINCE2 Certification
4 2 (1.05%) PMI Certification
4 2 (1.05%) Six Sigma Green Belt
4 2 (1.05%) Six Sigma Black Belt
5 1 (0.53%) Security Cleared
5 1 (0.53%) MCSE
5 1 (0.53%) PhD
5 1 (0.53%) Microsoft Certification
Quality Assurance & Compliance
1 22 (11.58%) Basel II
2 20 (10.53%) Basel III
3 9 (4.74%) QA
4 5 (2.63%) Data Quality
5 3 (1.58%) FATCA
5 3 (1.58%) Sarbanes-Oxley
6 2 (1.05%) COREP
6 2 (1.05%) FINREP
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 (8.42%) Oracle
2 14 (7.37%) Sun
3 10 (5.26%) Microsoft
4 7 (3.68%) Informatica
5 4 (2.11%) Business Objects
6 3 (1.58%) Hyperion
6 3 (1.58%) Actuate
6 3 (1.58%) Cognos
7 2 (1.05%) CODA
8 1 (0.53%) CA
8 1 (0.53%) HP
Manchester, Lancashire
Sanderson
Rate: £550 - £650 per day
Posted: 1 hour ago
North West England
Real Staffing
Rate: £800 - £1000 per day + competitive
Posted: 22 hours ago
Buckinghamshire
Oliver James Associates
Rate: £700 - £1000 per day
Posted: 22 hours ago
North West England
Real Staffing
Rate: £400 - £1000 per day + competitive
Posted: 22 hours ago
North West England
Real Staffing
Rate: £800 - £1000 per day + competitive
Posted: 23 hours ago
City, London
Capita Resourcing - IT Resourcing
Rate: £450 - £500 per annum
Posted: Yesterday
London
HFG
Rate: £750 - £1200 per annum
Posted: Yesterday
Wilmslow, Cheshire
TEKsystems
Posted: 2 days ago
Buckinghamshire
Oliver James Associates
Rate: £700 - £1000 per day
Posted: 4 days ago
London
HFG
Rate: £700 - £900 per day
Posted: 5 days ago
Bristol
Huxley Associates
Rate: £700 - £900 per day
Posted: 8 days ago
Bristol
HFG
Rate: £0 - £750 per day
Posted: 12 days ago
Manchester
HFG
Rate: £0 - £900 per day
Posted: 12 days ago
London
HFG
Rate: £300 - £450 per day
Posted: 14 days ago
Bristol
Orgtel
Rate: £475 - £550 per day + competitive
Posted: 15 days ago
Bristol
Real Staffing
Rate: competitive
Posted: 21 days ago
Greater Manchester
HFG
Rate: £800 - £1000 per day
Posted: 26 days ago
Bristol
HFG
Rate: £600 - £800 per day
Posted: 26 days ago
Bristol
Orgtel
Rate: £350 - £400 per day
Posted: 27 days ago