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 10 December 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
10 Dec 2016
Same period 2015 Same period 2014
Solvency II
Rank 553 551 532
Rank change year-on-year
-2 -19
Contract jobs citing Solvency II 61 98 116
As % of all contract IT jobs located in the UK 0.12% 0.18% 0.21%
As % of the Quality Assurance & Compliance category 1.25% 1.76% 2.20%
Number of daily rates quoted 50 83 84
Median daily rate £500 £525 £514
Median daily rate % change year-on-year
-4.76% +2.18%
90% offered a daily rate of more than £293 £340 £383
10% offered a daily rate of more than £610 £650 £743
UK excluding London median daily rate £463 £515 £505
% change year-on-year
-10.19% +1.98%
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
4863 5561 5271
As % of all contract IT jobs located in the UK 9.81% 10.11% 9.35%
Number of daily rates quoted 3165 3424 3396
Median daily rate £440 £425 £400
Median daily rate % change year-on-year
+3.52% +6.25%
90% offered a daily rate of more than £270 £270 £225
10% offered a daily rate of more than £620 £600 £590
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 189 210 211
Median hourly rate £20.50 £25.00 £22.00
Median hourly rate % change year-on-year
-18.00% +13.63%
90% offered a hourly rate of more than £10.00 £12.00 £11.00
10% offered a hourly rate of more than £45.00 £48.40 £45.00
UK excluding London median hourly rate £21.50 £25.00 £21.99
% change year-on-year
-14.00% +13.67%

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 10 December 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 16 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 10 December 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 -19 61 £500 -4.76% 5
London -30 49 £500 -4.76% 3
City of London -31 15 £435 -15.12% 1
South East +23 9 £525 -19.23% 1
Surrey - 5 £525 - 1
Guildford - 4 £525 -
Hampshire +21 3 £400 -38.46%
Southampton +5 3 £400 -38.46%
Bristol +4 1 £700 +47.36%
South West +4 1 £700 +47.36%
East of England +3 1 £300 -53.84%
Yorkshire - 1 £400 -
Ipswich - 1 £300 -
Leeds - 1 £400 -
West Yorkshire - 1 £400 -
Suffolk - 1 £300 -

Solvency II
Top 30 Related IT Skills

For the 6 months to 10 December 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 73 (48.67%) Finance
2 31 (20.67%) SQL
3 25 (16.67%) Business Analysis
4 23 (15.33%) Data Warehouse
5 19 (12.67%) Data Quality
6 18 (12.00%) Data Analysis
7 17 (11.33%) Analytical Skills
8 16 (10.67%) Data Modelling
8 16 (10.67%) Business Intelligence
9 14 (9.33%) Stakeholder Management
9 14 (9.33%) Data Management
10 13 (8.67%) Agile Software Development
10 13 (8.67%) SQL Server
11 11 (7.33%) Microsoft
11 11 (7.33%) User Acceptance Testing
12 10 (6.67%) Data Extraction
12 10 (6.67%) Data Governance
13 9 (6.00%) Process Improvement
13 9 (6.00%) Project Management
13 9 (6.00%) MS Excel
13 9 (6.00%) SQL Server Integration Services
14 8 (5.33%) SQL Server Reporting Services
14 8 (5.33%) ETL
14 8 (5.33%) Investment Management
15 7 (4.67%) Sybase
15 7 (4.67%) Banking
15 7 (4.67%) Asset Management
16 6 (4.00%) Legal
16 6 (4.00%) VBA
16 6 (4.00%) T-SQL

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 1 (0.67%) SAS
Applications
1 9 (6.00%) MS Excel
2 6 (4.00%) MS Office
3 5 (3.33%) MS PowerPoint
4 1 (0.67%) MS Project
Business Applications
1 1 (0.67%) Markit EDM
1 1 (0.67%) ReMetrica
Communications & Networking
1 1 (0.67%) IMAP
Database & Business Intelligence
1 23 (15.33%) Data Warehouse
2 13 (8.67%) SQL Server
3 9 (6.00%) SQL Server Integration Services
4 8 (5.33%) SQL Server Reporting Services
5 5 (3.33%) Data Mining
6 3 (2.00%) SQL Server Analysis Services
7 2 (1.33%) MS Access
8 1 (0.67%) Enterprise Data Warehouse
8 1 (0.67%) Microsoft Analysis Services
8 1 (0.67%) SAS EBI
Development Applications
1 1 (0.67%) JIRA
1 1 (0.67%) Team Foundation Server
1 1 (0.67%) Visual Studio
General
1 73 (48.67%) Finance
2 7 (4.67%) Banking
3 6 (4.00%) Legal
4 3 (2.00%) Advertising
5 2 (1.33%) Investment Banking
5 2 (1.33%) Retail
5 2 (1.33%) Retail Banking
5 2 (1.33%) Wholesale Banking
6 1 (0.67%) Publishing
Job Titles
1 83 (55.33%) Analyst
2 54 (36.00%) Business Analyst
3 21 (14.00%) Solvency II Business Analyst
4 20 (13.33%) Project Manager
5 18 (12.00%) Data Analyst
6 14 (9.33%) Insurance Business Analyst
7 11 (7.33%) Data Business Analyst
7 11 (7.33%) Developer
8 9 (6.00%) Data Quality Analyst
8 9 (6.00%) Quality Analyst
8 9 (6.00%) Solvency II Project Manager
9 8 (5.33%) Financial Analyst
10 7 (4.67%) Excel Analyst
10 7 (4.67%) Finance Business Analyst
10 7 (4.67%) Report Analyst
10 7 (4.67%) Test Analyst
11 6 (4.00%) Architect
11 6 (4.00%) Business Intelligence Analyst
11 6 (4.00%) Service Analyst
11 6 (4.00%) SSIS Developer
Libraries, Frameworks & Software Standards
1 2 (1.33%) .NET
1 2 (1.33%) MDX
2 1 (0.67%) ASP.NET
Miscellaneous
1 17 (11.33%) Analytical Skills
2 10 (6.67%) Data Extraction
3 5 (3.33%) Credit Risk
3 5 (3.33%) Reinsurance
4 4 (2.67%) Reference Data
5 3 (2.00%) Data Protection Act
6 2 (1.33%) Data Integration
6 2 (1.33%) Market Risk
6 2 (1.33%) Mathematics
6 2 (1.33%) Physics
7 1 (0.67%) Data Centre
7 1 (0.67%) Equities
7 1 (0.67%) Fixed Income
7 1 (0.67%) Management Information System
7 1 (0.67%) Virtual Team
Processes & Methodologies
1 25 (16.67%) Business Analysis
2 18 (12.00%) Data Analysis
3 16 (10.67%) Business Intelligence
3 16 (10.67%) Data Modelling
4 14 (9.33%) Data Management
4 14 (9.33%) Stakeholder Management
5 13 (8.67%) Agile Software Development
6 11 (7.33%) User Acceptance Testing
7 10 (6.67%) Data Governance
8 9 (6.00%) Process Improvement
8 9 (6.00%) Project Management
9 8 (5.33%) ETL
9 8 (5.33%) Investment Management
10 7 (4.67%) Asset Management
11 6 (4.00%) SDLC
11 6 (4.00%) Test Planning
12 5 (3.33%) Change Management
12 5 (3.33%) Data Architecture
12 5 (3.33%) PRINCE2
12 5 (3.33%) Validation
Programming Languages
1 31 (20.67%) SQL
2 6 (4.00%) T-SQL
2 6 (4.00%) VBA
3 2 (1.33%) C#
3 2 (1.33%) Shell Script
4 1 (0.67%) VB
4 1 (0.67%) VB.NET
Qualifications
1 4 (2.67%) Degree
2 2 (1.33%) IIBA
3 1 (0.67%) AAT
3 1 (0.67%) ACCA
3 1 (0.67%) ISEB
3 1 (0.67%) ISTQB
3 1 (0.67%) ISTQB Foundation Certification
Quality Assurance & Compliance
1 19 (12.67%) Data Quality
2 3 (2.00%) MiFID
3 2 (1.33%) Basel III
3 2 (1.33%) QA
4 1 (0.67%) Basel II
4 1 (0.67%) EMIR
4 1 (0.67%) PCI DSS
4 1 (0.67%) Sarbanes-Oxley
4 1 (0.67%) UCITS
Systems Management
1 1 (0.67%) HP Quality Center
Vendors
1 11 (7.33%) Microsoft
2 7 (4.67%) Sybase
3 3 (2.00%) Tableau
4 1 (0.67%) Bloomberg
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