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 5 February 2016 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
5 Feb 2016
Same period 2015 Same period 2014
Solvency II
Rank 538 477 543
Rank change year-on-year
-61 +66
Contract jobs citing Solvency II 81 124 36
As % of all contract IT jobs located in the UK 0.16% 0.24% 0.074%
As % of the Quality Assurance & Compliance category 1.59% 2.58% 0.83%
Number of daily rates quoted 71 85 31
Average daily rate £510 £500 £500
Average daily rate % change year-on-year
+2.00% -
90% offered a daily rate of more than £350 £375 £251
10% offered a daily rate of more than £615 £650 £601
UK excluding London average daily rate £500 £488 £475
% change year-on-year
+2.56% +2.57%
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
5104 4797 4354
As % of all contract IT jobs located in the UK 9.92% 9.47% 8.96%
Number of daily rates quoted 3150 2945 2533
Average daily rate £425 £400 £405
Average daily rate % change year-on-year
+6.25% -1.23%
90% offered a daily rate of more than £263 £225 £230
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £400 £380 £350
% change year-on-year
+5.26% +8.57%
Number of hourly rates quoted 210 175 163
Average hourly rate £42.00 £22.50 £17.00
Average hourly rate % change year-on-year
+86.66% +32.35%
90% offered a hourly rate of more than £14.20 £11.00 £10.93
10% offered a hourly rate of more than £60.98 £47.50 £42.50
UK excluding London average hourly rate £42.00 £25.00 £17.15
% change year-on-year
+68.00% +45.77%

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 5 February 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 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 5 February 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
(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 -44 80 £510 +2.00% 16
London -12 68 £525 - 16
City of London +27 30 £513 - 6
South West -9 6 £500 -
Wiltshire -7 4 £500 -
Swindon -8 4 £500 -
North West -15 3 £540 +2.85%
Bristol -7 2 £563 +27.89%
Manchester -15 2 £540 +2.85%
South East -20 2 £456 +7.35%
Buckinghamshire +14 1 £388 -
Brighton +14 1 £525 -
East Sussex +10 1 £525 -
Northamptonshire - 1 £423 -
Cheshire - 1 - -
Milton Keynes - 1 £388 -
Wilmslow - 1 - -
East Midlands - 1 £423 -
Stirling - 1 - -
Scotland - 1 - - 1

Solvency II
Top 30 Related IT Skills

For the 6 months to 5 February 2016, 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.

1 101 (54.30%) Finance
2 54 (29.03%) SQL
3 34 (18.28%) Stakeholder Management
4 33 (17.74%) Business Intelligence
5 32 (17.20%) Data Warehouse
5 32 (17.20%) Business Analysis
6 28 (15.05%) SQL Server
7 25 (13.44%) Project Management
8 24 (12.90%) Asset Management
8 24 (12.90%) Data Analysis
8 24 (12.90%) SQL Server Integration Services
9 23 (12.37%) Migration
10 19 (10.22%) Data Modelling
11 18 (9.68%) ETL
11 18 (9.68%) Data Mapping
12 17 (9.14%) SDLC
13 16 (8.60%) Investment Management
13 16 (8.60%) SQL Server Reporting Services
14 15 (8.06%) Degree
14 15 (8.06%) SharePoint
15 14 (7.53%) Reinsurance
15 14 (7.53%) Analytical Skills
15 14 (7.53%) Legal
15 14 (7.53%) Banking
16 13 (6.99%) GAP Analysis
17 12 (6.45%) Microsoft
17 12 (6.45%) ISEB
17 12 (6.45%) SQL Server Analysis Services
18 11 (5.91%) Test Scripting
18 11 (5.91%) Oracle

Solvency II
Top Related IT Skills by Category

For the 6 months to 5 February 2016, 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 15 (8.06%) SharePoint
2 4 (2.15%) BizTalk Server
3 1 (0.54%) Oracle Workflow
3 1 (0.54%) SAS
Applications
1 7 (3.76%) MS Excel
2 6 (3.23%) MS Visio
3 3 (1.61%) MS PowerPoint
4 2 (1.08%) MS Office
4 2 (1.08%) Spreadsheet
5 1 (0.54%) MS Project
5 1 (0.54%) PowerPivot
Business Applications
1 10 (5.38%) Markit EDM
2 5 (2.69%) HFM
3 1 (0.54%) Cognos Controller
3 1 (0.54%) Cognos TM1
3 1 (0.54%) Dynamics CRM
3 1 (0.54%) Eagle PACE
3 1 (0.54%) Oracle 11i
3 1 (0.54%) Oracle EBS
3 1 (0.54%) Oracle EBS R12
3 1 (0.54%) Oracle Financials
3 1 (0.54%) Oracle General Ledger
3 1 (0.54%) PolarLake
Cloud Services
1 4 (2.15%) Office 365
Communications & Networking
1 2 (1.08%) IMAP
Database & Business Intelligence
1 32 (17.20%) Data Warehouse
2 28 (15.05%) SQL Server
3 24 (12.90%) SQL Server Integration Services
4 16 (8.60%) SQL Server Reporting Services
5 12 (6.45%) SQL Server Analysis Services
6 7 (3.76%) SQL Server 2008
7 6 (3.23%) SQL Server 2012
8 4 (2.15%) Microsoft Analysis Services
9 3 (1.61%) Hyperion Smart View
9 3 (1.61%) MS Access
10 2 (1.08%) BusinessObjects
10 2 (1.08%) Oracle Reports
10 2 (1.08%) PerformancePoint
10 2 (1.08%) Power BI
10 2 (1.08%) PowerCenter
10 2 (1.08%) SQL Server 2005
11 1 (0.54%) Base SAS
11 1 (0.54%) Data Mining
11 1 (0.54%) Oracle BI EE
11 1 (0.54%) SAP Data Services
Development Applications
1 2 (1.08%) Team Foundation Server
1 2 (1.08%) VSS/SourceSafe
2 1 (0.54%) Eclipse
2 1 (0.54%) ERwin
2 1 (0.54%) MSI
General
1 101 (54.30%) Finance
2 14 (7.53%) Banking
2 14 (7.53%) Legal
3 9 (4.84%) Advertising
4 4 (2.15%) Back Office
4 4 (2.15%) Retail
5 3 (1.61%) General Ledger
6 2 (1.08%) Financial Institution
7 1 (0.54%) Front Office
7 1 (0.54%) Investment Banking
7 1 (0.54%) Marketing
Job Titles
1 115 (61.83%) Analyst
2 79 (42.47%) Business Analyst
3 44 (23.66%) Solvency II Business Analyst
4 24 (12.90%) Insurance Business Analyst
5 21 (11.29%) Project Manager
6 19 (10.22%) Data Analyst
6 19 (10.22%) Developer
7 17 (9.14%) Data Business Analyst
8 15 (8.06%) SQL Analyst
9 14 (7.53%) Solvency II Project Manager
10 13 (6.99%) Senior Analyst
11 12 (6.45%) Asset Management Analyst
11 12 (6.45%) SQL Data Analyst
12 11 (5.91%) Asset Management Business Analyst
13 10 (5.38%) Senior Business Analyst
14 9 (4.84%) Architect
14 9 (4.84%) Regulatory Business Analyst
14 9 (4.84%) Report Analyst
15 8 (4.30%) SQL Developer
16 7 (3.76%) Programme Manager
Libraries, Frameworks & Software Standards
1 4 (2.15%) MDX
1 4 (2.15%) Middleware
1 4 (2.15%) SAP PI
2 2 (1.08%) .NET
2 2 (1.08%) XML
3 1 (0.54%) .NET Framework
3 1 (0.54%) COM
Miscellaneous
1 14 (7.53%) Analytical Skills
1 14 (7.53%) Reinsurance
2 7 (3.76%) Data Extraction
2 7 (3.76%) Reference Data
3 6 (3.23%) Foreign Exchange (FX)
4 4 (2.15%) Data Centre
4 4 (2.15%) Derivative
4 4 (2.15%) Digital Media
4 4 (2.15%) Enterprise Software
4 4 (2.15%) SCADA
4 4 (2.15%) Social Media
5 3 (1.61%) Data Integration
6 2 (1.08%) Equities
6 2 (1.08%) Fixed Income
7 1 (0.54%) Computer Science
7 1 (0.54%) Data Structures
7 1 (0.54%) Management Information System
7 1 (0.54%) PMI
7 1 (0.54%) Statistics
Operating Systems
1 3 (1.61%) Unix
2 1 (0.54%) Linux
Processes & Methodologies
1 34 (18.28%) Stakeholder Management
2 33 (17.74%) Business Intelligence
3 32 (17.20%) Business Analysis
4 25 (13.44%) Project Management
5 24 (12.90%) Asset Management
5 24 (12.90%) Data Analysis
6 23 (12.37%) Migration
7 19 (10.22%) Data Modelling
8 18 (9.68%) Data Mapping
8 18 (9.68%) ETL
9 17 (9.14%) SDLC
10 16 (8.60%) Investment Management
11 13 (6.99%) GAP Analysis
12 11 (5.91%) Test Scripting
13 10 (5.38%) Change Management
14 9 (4.84%) Data Migration
14 9 (4.84%) Risk Management
14 9 (4.84%) Use Case
15 8 (4.30%) Data Governance
15 8 (4.30%) Fund Accounting
Programming Languages
1 54 (29.03%) SQL
2 8 (4.30%) T-SQL
3 4 (2.15%) Shell Script
4 3 (1.61%) VBA
5 2 (1.08%) VB
6 1 (0.54%) C
6 1 (0.54%) PL/SQL
6 1 (0.54%) SAS Macro
6 1 (0.54%) VBScript
Qualifications
1 15 (8.06%) Degree
2 12 (6.45%) ISEB
3 9 (4.84%) ACCA
3 9 (4.84%) CIMA
4 3 (1.61%) ISEB Practitioner
5 2 (1.08%) SC Cleared
5 2 (1.08%) Security Cleared
6 1 (0.54%) CFA
6 1 (0.54%) DV Cleared
6 1 (0.54%) ISTQB Advanced Certification
6 1 (0.54%) PMI Certification
Quality Assurance & Compliance
1 9 (4.84%) AIFMD
1 9 (4.84%) Data Quality
1 9 (4.84%) EMIR
1 9 (4.84%) MiFID
2 8 (4.30%) Basel III
3 7 (3.76%) QA
4 6 (3.23%) Basel II
5 5 (2.69%) GAAP
5 5 (2.69%) UCITS
6 3 (1.61%) FATCA
7 2 (1.08%) Dodd-Frank
8 1 (0.54%) COREP
8 1 (0.54%) CRD IV
Vendors
1 12 (6.45%) Microsoft
2 11 (5.91%) Oracle
3 9 (4.84%) Bloomberg
4 7 (3.76%) Tableau
5 5 (2.69%) SAP
6 4 (2.15%) Adobe
6 4 (2.15%) FatWire
6 4 (2.15%) Guidewire
6 4 (2.15%) hybris
6 4 (2.15%) MuleSoft
6 4 (2.15%) Pega
6 4 (2.15%) Sitecore
7 3 (1.61%) Informatica
8 2 (1.08%) Cognos
9 1 (0.54%) FactSet
9 1 (0.54%) GoldenSource
9 1 (0.54%) IBM
9 1 (0.54%) Reuters
9 1 (0.54%) SmartCo
9 1 (0.54%) Sun
London
Red10
Rate: £550 - £600 per annum
Posted: 2 days ago
London
Huxley
Rate: £550 - £600 per day
Posted: 2 days ago
London
Energon People
Rate: £500 - £650 per annum
Posted: 2 days ago
London
TEKsystems
Rate: £500 - £600 per day
Posted: 4 days ago
City, London
HFG
Rate: £450 - £500 per day
Posted: 6 days ago
City, London
Eames Consulting
Rate: £500 - £525 per day
Posted: 6 days ago