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 28 July 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
28 Jul 2016
Same period 2015 Same period 2014
Solvency II
Rank 546 515 519
Rank change year-on-year
-31 +4
Contract jobs citing Solvency II 105 131 99
As % of all contract IT jobs located in the UK 0.19% 0.23% 0.18%
As % of the Quality Assurance & Compliance category 2.06% 2.42% 1.92%
Number of daily rates quoted 86 95 79
Median daily rate £525 £485 £475
Median daily rate % change year-on-year
+8.24% +2.10%
90% offered a daily rate of more than £388 £400 £388
10% offered a daily rate of more than £663 £660 £577
UK excluding London median daily rate £485 £500 £450
% change year-on-year
-3.00% +11.11%
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
5087 5416 5163
As % of all contract IT jobs located in the UK 9.42% 9.49% 9.43%
Number of daily rates quoted 3235 3520 3148
Median daily rate £425 £425 £410
Median daily rate % change year-on-year
- +3.65%
90% offered a daily rate of more than £240 £250 £238
10% offered a daily rate of more than £585 £600 £560
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 201 196 211
Median hourly rate £28.00 £21.67 £20.06
Median hourly rate % change year-on-year
+29.24% +7.98%
90% offered a hourly rate of more than £10.00 £12.50 £12.50
10% offered a hourly rate of more than £47.50 £55.35 £44.10
UK excluding London median hourly rate £28.00 £22.50 £20.21
% change year-on-year
+24.44% +11.35%

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 28 July 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 23 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 28 July 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 -38 102 £525 +9.37% 8
London -10 79 £530 +10.41% 4
City of London +42 39 £513 +7.89% 2
South East +23 16 £450 +5.88%
West Sussex - 11 £425 -
Worthing - 9 £485 -
North West +4 4 £538 -9.28%
Cheshire +2 4 £538 -18.56%
Milton Keynes - 4 £450 -
Buckinghamshire - 4 £450 -
Scotland -4 2 £925 +184.61%
East of England +23 1 £325 +52.94%
Kent +8 1 £650 +126.08%
Edinburgh -1 1 £925 +184.61%
Wiltshire -6 1 £650 +30.00%
Swindon -8 1 £650 +30.00%
South West -9 1 £650 +30.00% 3
West Midlands -39 1 £575 +15.00%
Shropshire - 1 £575 -
Chester - 1 £625 -
Chelmsford - 1 £325 -
Stirling - 1 - -
Essex - 1 £325 -

Solvency II
Top 30 Related IT Skills

For the 6 months to 28 July 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 96 (53.04%) Finance
2 57 (31.49%) SQL
3 40 (22.10%) Data Warehouse
4 36 (19.89%) Business Intelligence
5 32 (17.68%) SQL Server
5 32 (17.68%) Data Analysis
6 31 (17.13%) Data Modelling
6 31 (17.13%) ETL
7 29 (16.02%) SQL Server Integration Services
8 28 (15.47%) Business Analysis
9 21 (11.60%) Data Management
9 21 (11.60%) Stakeholder Management
10 18 (9.94%) Test Scripting
11 17 (9.39%) Data Quality
11 17 (9.39%) Asset Management
12 16 (8.84%) Agile Software Development
12 16 (8.84%) SQL Server Reporting Services
12 16 (8.84%) SQL Server Analysis Services
13 14 (7.73%) Analytical Skills
13 14 (7.73%) Migration
14 13 (7.18%) Project Management
14 13 (7.18%) Microsoft
14 13 (7.18%) Data Migration
15 12 (6.63%) T-SQL
15 12 (6.63%) GAP Analysis
16 10 (5.52%) Enterprise Architecture
16 10 (5.52%) Legal
16 10 (5.52%) ERwin
17 9 (4.97%) UML
17 9 (4.97%) JIRA

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 8 (4.42%) Confluence
2 1 (0.55%) BizTalk Server
2 1 (0.55%) SAS
2 1 (0.55%) SharePoint
Applications
1 6 (3.31%) MS Excel
2 3 (1.66%) MS Office
3 2 (1.10%) MS PowerPoint
3 2 (1.10%) MS Visio
4 1 (0.55%) MS Project
4 1 (0.55%) Spreadsheet
Business Applications
1 9 (4.97%) Markit EDM
2 1 (0.55%) ReMetrica
2 1 (0.55%) Towers Watson Igloo
Database & Business Intelligence
1 40 (22.10%) Data Warehouse
2 32 (17.68%) SQL Server
3 29 (16.02%) SQL Server Integration Services
4 16 (8.84%) SQL Server Analysis Services
4 16 (8.84%) SQL Server Reporting Services
5 4 (2.21%) Enterprise Data Warehouse
5 4 (2.21%) Microsoft Analysis Services
5 4 (2.21%) SQL Server 2008
6 3 (1.66%) Data Mining
7 2 (1.10%) Oracle Database
7 2 (1.10%) QlikView
8 1 (0.55%) Big Data
8 1 (0.55%) BusinessObjects
8 1 (0.55%) Data Lake
8 1 (0.55%) OLAP
8 1 (0.55%) Power BI
8 1 (0.55%) PowerPivot
8 1 (0.55%) Relational Database
8 1 (0.55%) SQL Server 2012
Development Applications
1 10 (5.52%) ERwin
2 9 (4.97%) JIRA
3 4 (2.21%) FitNesse
4 2 (1.10%) HP UFT
5 1 (0.55%) Team Foundation Server
General
1 96 (53.04%) Finance
2 10 (5.52%) Legal
3 7 (3.87%) Banking
4 2 (1.10%) Advertising
4 2 (1.10%) General Ledger
4 2 (1.10%) Investment Banking
5 1 (0.55%) Back Office
5 1 (0.55%) Publishing
5 1 (0.55%) Retail
Job Titles
1 94 (51.93%) Analyst
2 51 (28.18%) Business Analyst
3 31 (17.13%) Developer
3 31 (17.13%) Solvency II Business Analyst
4 27 (14.92%) Architect
5 24 (13.26%) Project Manager
6 20 (11.05%) SSIS Developer
7 18 (9.94%) Insurance Business Analyst
8 16 (8.84%) SQL Developer
8 16 (8.84%) Test Analyst
9 14 (7.73%) Business Intelligence Developer
9 14 (7.73%) Data Business Analyst
10 13 (7.18%) Data Architect
10 13 (7.18%) SQL Analyst
11 12 (6.63%) Data Analyst
12 11 (6.08%) Solvency II Project Manager
13 10 (5.52%) Data Warehouse Developer
13 10 (5.52%) Finance Business Analyst
13 10 (5.52%) Financial Analyst
13 10 (5.52%) Technical Analyst
Libraries, Frameworks & Software Standards
1 8 (4.42%) FpML
1 8 (4.42%) MDX
1 8 (4.42%) XML
2 5 (2.76%) FIX Protocol
3 1 (0.55%) Middleware
3 1 (0.55%) SAP PI
Miscellaneous
1 14 (7.73%) Analytical Skills
2 4 (2.21%) Reference Data
3 3 (1.66%) Foreign Exchange (FX)
3 3 (1.66%) iPad
3 3 (1.66%) Reinsurance
3 3 (1.66%) Virtual Team
4 2 (1.10%) Credit Risk
4 2 (1.10%) Derivative
4 2 (1.10%) Social Media
4 2 (1.10%) Visualisation
5 1 (0.55%) Computer Science
5 1 (0.55%) Data Extraction
5 1 (0.55%) Data Integration
5 1 (0.55%) Digital Media
5 1 (0.55%) Enterprise Software
5 1 (0.55%) Management Information System
5 1 (0.55%) SCADA
5 1 (0.55%) Tandem
Processes & Methodologies
1 36 (19.89%) Business Intelligence
2 32 (17.68%) Data Analysis
3 31 (17.13%) Data Modelling
3 31 (17.13%) ETL
4 28 (15.47%) Business Analysis
5 21 (11.60%) Data Management
5 21 (11.60%) Stakeholder Management
6 18 (9.94%) Test Scripting
7 17 (9.39%) Asset Management
8 16 (8.84%) Agile Software Development
9 14 (7.73%) Migration
10 13 (7.18%) Data Migration
10 13 (7.18%) Project Management
11 12 (6.63%) GAP Analysis
12 10 (5.52%) Enterprise Architecture
13 9 (4.97%) Investment Management
13 9 (4.97%) SDLC
13 9 (4.97%) UML
14 8 (4.42%) Data Lineage
15 7 (3.87%) Target Operating Model
Programming Languages
1 57 (31.49%) SQL
2 12 (6.63%) T-SQL
3 4 (2.21%) Shell Script
4 2 (1.10%) VBA
5 1 (0.55%) PL/SQL
5 1 (0.55%) VB
Qualifications
1 3 (1.66%) ISEB
2 2 (1.10%) Degree
3 1 (0.55%) ACCA
3 1 (0.55%) CIMA
3 1 (0.55%) ISEB Practitioner
Quality Assurance & Compliance
1 17 (9.39%) Data Quality
2 6 (3.31%) QA
3 2 (1.10%) Basel II
3 2 (1.10%) GAAP
4 1 (0.55%) Basel III
4 1 (0.55%) ISO20022
Systems Management
1 2 (1.10%) HP Quality Center
Vendors
1 13 (7.18%) Microsoft
2 5 (2.76%) Bloomberg
3 4 (2.21%) Oracle
4 3 (1.66%) Tableau
5 2 (1.10%) Cognos
5 2 (1.10%) Microgen
5 2 (1.10%) Murex
6 1 (0.55%) Guidewire
6 1 (0.55%) HP
6 1 (0.55%) MuleSoft
6 1 (0.55%) Pega
6 1 (0.55%) SAP
Bristol
Orgtel
Rate: £400 - £460 per day + competitive
Posted: 5 days ago
City, London
Red10
Rate: £500 - £550 per day
Posted: 6 days ago
Leeds, West Yorkshire
Hydrogen
Rate: £800.00 - £1000.00 per day
Posted: 6 days ago
Bristol
Orgtel
Rate: £450 - £451 per day + competitive
Posted: 6 days ago