Solvency II
UK

The following table provides summary statistics for permanent job vacancies with a requirement for Solvency II skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Solvency II over the 6 months to 27 April 2024 with a comparison to the same period in the previous 2 years.

6 months to
27 Apr 2024
Same period 2023 Same period 2022
Rank 863 933 1185
Rank change year-on-year +70 +252 -314
Permanent jobs citing Solvency II 33 37 47
As % of all permanent jobs advertised in the UK 0.034% 0.035% 0.030%
As % of the Quality Assurance & Compliance category 0.24% 0.18% 0.18%
Number of salaries quoted 15 26 29
10th Percentile £49,500 £41,750 £29,750
25th Percentile £66,250 £42,000 £49,797
Median annual salary (50th Percentile) £75,000 £61,250 £66,500
Median % change year-on-year +22.45% -7.89% +2.31%
75th Percentile £100,000 £79,750 £71,500
90th Percentile £110,500 £85,000 £91,225
UK excluding London median annual salary £127,500 - £36,500

All Quality Assurance and Compliance Skills
UK

Solvency II is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for quality assurance or compliance skills.

Permanent vacancies with a requirement for quality assurance or compliance skills 13,490 20,156 25,732
As % of all permanent jobs advertised in the UK 13.76% 19.26% 16.69%
Number of salaries quoted 9,233 9,268 13,209
10th Percentile £27,000 £32,000 £31,250
25th Percentile £36,250 £42,500 £41,250
Median annual salary (50th Percentile) £52,500 £57,500 £55,000
Median % change year-on-year -8.70% +4.55% +4.76%
75th Percentile £70,000 £77,500 £73,750
90th Percentile £90,000 £93,750 £90,000
UK excluding London median annual salary £47,500 £50,000 £47,500
% change year-on-year -5.00% +5.26% -

Solvency II
Job Vacancy Trend

Job postings citing Solvency II as a proportion of all IT jobs advertised.

Job vacancy trend for Solvency II in the UK

Solvency II
Salary Trend

3-month moving average salary quoted in jobs citing Solvency II.

Salary trend for Solvency II in the UK

Solvency II
Salary Histogram

Salary distribution for jobs citing Solvency II over the 6 months to 27 April 2024.

Salary histogram for Solvency II in the UK

Solvency II
Top 6 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Solvency II within the UK over the 6 months to 27 April 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England +109 33 £75,000 +22.45% 17
London +128 29 £75,000 +22.45% 11
Work from Home - 11 £100,000 - 4
West Midlands +29 4 £127,500 -
UK excluding London +14 4 £127,500 - 7
Midlands +11 4 £127,500 -

Solvency II
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 4 (12.12%) Apache
1 4 (12.12%) Apache Spark
Applications
1 1 (3.03%) Microsoft PowerPoint
Cloud Services
1 8 (24.24%) Azure
2 7 (21.21%) AWS
3 4 (12.12%) Amazon S3
3 4 (12.12%) Azure Data Factory
4 3 (9.09%) Azure DevOps
Database & Business Intelligence
1 4 (12.12%) Hadoop
1 4 (12.12%) SQL Server
General
1 27 (81.82%) Finance
2 14 (42.42%) Law
3 5 (15.15%) Analytical Skills
4 3 (9.09%) Influencing Skills
4 3 (9.09%) Social Skills
5 1 (3.03%) Presentation Skills
Job Titles
1 14 (42.42%) Audit Manager
1 14 (42.42%) Quality Manager
2 12 (36.36%) Audit Support Manager
2 12 (36.36%) Support Manager
3 10 (30.30%) Senior
4 4 (12.12%) Auditor
4 4 (12.12%) Cloud Engineer
4 4 (12.12%) Data Engineer
4 4 (12.12%) Hadoop Engineer
4 4 (12.12%) IT Auditor
4 4 (12.12%) Python Data Engineer
4 4 (12.12%) Python Engineer
4 4 (12.12%) Senior Auditor
4 4 (12.12%) Senior Cloud Engineer
4 4 (12.12%) Senior Data Engineer
4 4 (12.12%) Senior Hadoop Engineer
4 4 (12.12%) Senior IT Auditor
5 2 (6.06%) Analyst
5 2 (6.06%) Operations Analyst
6 1 (3.03%) Solutions Architect
Miscellaneous
1 5 (15.15%) Management Information System
1 5 (15.15%) Reinsurance
2 4 (12.12%) Product Ownership
Processes & Methodologies
1 19 (57.58%) Risk Management
2 15 (45.45%) Coaching
3 14 (42.42%) Quality Management
4 5 (15.15%) Internal Audit
4 5 (15.15%) IT Audit
4 5 (15.15%) Problem-Solving
5 4 (12.12%) Data Engineering
5 4 (12.12%) Data Governance
5 4 (12.12%) Data Integration
5 4 (12.12%) Data Modelling
5 4 (12.12%) Data Pipeline
5 4 (12.12%) Data Protection
5 4 (12.12%) ETL
5 4 (12.12%) Performance Optimisation
5 4 (12.12%) Requirements Gathering
5 4 (12.12%) Translating Business Requirements
6 3 (9.09%) Agile
6 3 (9.09%) DevOps
6 3 (9.09%) Mathematics
6 3 (9.09%) Process Improvement
Programming Languages
1 4 (12.12%) Python
1 4 (12.12%) SQL
Qualifications
1 14 (42.42%) ACCA
2 5 (15.15%) CISA
3 4 (12.12%) Degree
4 2 (6.06%) AWS Certification
4 2 (6.06%) AWS Certified Solutions Architect
4 2 (6.06%) Numerate Degree
Quality Assurance & Compliance
1 17 (51.52%) IFRS
1 17 (51.52%) IFRS 17
2 3 (9.09%) Sarbanes-Oxley
3 2 (6.06%) Data Quality
Vendors
1 14 (42.42%) CA