The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for Solvency II skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Solvency II over the 3 months to 24 March 2017 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

3 months to
24 Mar 2017
Same period 2016 Same period 2015
Solvency II
London / City of London
Rank 146 137 151
Rank change year-on-year -9 +14  
Contract jobs citing Solvency II 7 21 38
As % of all contract IT jobs advertised in the City of London 0.23% 0.64% 0.75%
As % of the Quality Assurance & Compliance category 1.59% 5.79% 7.10%
Number of daily rates quoted 7 17 26
Median daily rate £525 £500 £500
Median daily rate % change year-on-year +5.00% -  
90% offered a daily rate of more than £493 £440 £413
10% offered a daily rate of more than £610 £631 £650
UK excluding London median daily rate £625 £700 £500
% change year-on-year -10.71% +40.00%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Solvency II is in the quality assurance and compliance skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the City of London with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
City of London
Contract job vacancies with a requirement for quality assurance and compliance skills 441 363 535
As % of all contract IT job vacancies advertised in the City of London 14.54% 11.02% 10.60%
Number of daily rates quoted 339 268 389
Median daily rate £500 £475 £430
Median daily rate % change year-on-year +5.26% +10.46%  
90% offered a daily rate of more than £332 £300 £275
10% offered a daily rate of more than £650 £625 £600
UK excluding London median daily rate £400 £400 £385
% change year-on-year - +3.89%  
Number of hourly rates quoted 6 4 1
Median hourly rate £13.75 £26.75 £19.14
Median hourly rate % change year-on-year -48.59% +39.79%  
UK excluding London median hourly rate £19.45 £41.00 £26.00
% change year-on-year -52.56% +57.69%  

Solvency II
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London citing Solvency II as a proportion of all contract or permanent IT jobs with a match in the Quality Assurance & Compliance category.

Job vacancy trend for Solvency II in the City of London

Solvency II
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Solvency II in the City of London.

Contractor daily rate trend for Solvency II in the City of London

Solvency II
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing Solvency II in the City of London over the 3 months to 24 March 2017.

Contractor daily rate histogram for Solvency II in the City of London

Solvency II
Top 30 Related IT Skills in the City of London

For the 6 months to 24 March 2017, 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 across the City of London region with a requirement for Solvency II.

1 12 (57.14%) Finance
2 10 (47.62%) Data Warehouse
2 10 (47.62%) Data Modelling
3 9 (42.86%) SQL
3 9 (42.86%) Data Management
3 9 (42.86%) SQL Server Reporting Services
4 8 (38.10%) Business Intelligence
4 8 (38.10%) Data Quality
5 7 (33.33%) Data Analysis
6 6 (28.57%) SQL Server Integration Services
6 6 (28.57%) ETL
6 6 (28.57%) Data Governance
7 5 (23.81%) Analytical Skills
7 5 (23.81%) SQL Server Analysis Services
7 5 (23.81%) Data Extraction
7 5 (23.81%) UML
7 5 (23.81%) SQL Server
8 4 (19.05%) Business Analysis
8 4 (19.05%) T-SQL
8 4 (19.05%) Data Architecture
9 3 (14.29%) Tableau
9 3 (14.29%) Investment Management
9 3 (14.29%) Dimensional Modelling
9 3 (14.29%) Data Protection Act
9 3 (14.29%) Data Protection
9 3 (14.29%) Reference Data
9 3 (14.29%) Data Structures
9 3 (14.29%) MS Visio
9 3 (14.29%) Microsoft
9 3 (14.29%) Information Management

Solvency II
Top Related IT Skills in the City of London 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 3 (14.29%) SharePoint
2 2 (9.52%) Confluence
2 2 (9.52%) SAS
Applications
1 3 (14.29%) MS Visio
Business Applications
1 1 (4.76%) Dynamics AX
1 1 (4.76%) Dynamics CRM
Database & Business Intelligence
1 10 (47.62%) Data Warehouse
2 9 (42.86%) SQL Server Reporting Services
3 6 (28.57%) SQL Server Integration Services
4 5 (23.81%) SQL Server
4 5 (23.81%) SQL Server Analysis Services
5 2 (9.52%) Big Data
5 2 (9.52%) SAS EBI
6 1 (4.76%) Hadoop
Development Applications
1 2 (9.52%) JIRA
1 2 (9.52%) Visual Studio
2 1 (4.76%) ERwin
General
1 12 (57.14%) Finance
2 2 (9.52%) Banking
Job Titles
1 12 (57.14%) Analyst
2 8 (38.10%) Business Analyst
3 5 (23.81%) Business Intelligence Analyst
3 5 (23.81%) Insurance Business Analyst
4 3 (14.29%) Architect
4 3 (14.29%) Business Intelligence Developer
4 3 (14.29%) Data Business Analyst
4 3 (14.29%) Data Governance Specialist
4 3 (14.29%) Developer
4 3 (14.29%) Systems Analyst
5 2 (9.52%) Business Developer
5 2 (9.52%) Business Intelligence Business Analyst
5 2 (9.52%) Data Analyst
5 2 (9.52%) Data Architect
5 2 (9.52%) Insurance Systems Analyst
5 2 (9.52%) Solvency II Business Analyst
5 2 (9.52%) SQL BI Developer
5 2 (9.52%) SQL Developer
6 1 (4.76%) Business Architect
6 1 (4.76%) UML Business Analyst
Libraries, Frameworks & Software Standards
1 2 (9.52%) .NET
1 2 (9.52%) ASP.NET
2 1 (4.76%) FIX Protocol
2 1 (4.76%) FpML
2 1 (4.76%) XML
Miscellaneous
1 5 (23.81%) Analytical Skills
2 3 (14.29%) Data Protection Act
2 3 (14.29%) Data Structures
2 3 (14.29%) Management Information System
2 3 (14.29%) Reference Data
3 1 (4.76%) Derivative
3 1 (4.76%) Equities
3 1 (4.76%) Fixed Income
Processes & Methodologies
1 10 (47.62%) Data Modelling
2 9 (42.86%) Data Management
3 8 (38.10%) Business Intelligence
4 7 (33.33%) Data Analysis
5 6 (28.57%) Data Governance
5 6 (28.57%) ETL
6 5 (23.81%) Data Extraction
6 5 (23.81%) UML
7 4 (19.05%) Business Analysis
7 4 (19.05%) Data Architecture
8 3 (14.29%) Data Protection
8 3 (14.29%) Dimensional Modelling
8 3 (14.29%) Information Management
8 3 (14.29%) Investment Management
9 2 (9.52%) Agile Software Development
9 2 (9.52%) Data Mapping
9 2 (9.52%) GAP Analysis
9 2 (9.52%) Master Data Management
9 2 (9.52%) Process Improvement
9 2 (9.52%) Stakeholder Management
Programming Languages
1 9 (42.86%) SQL
2 4 (19.05%) T-SQL
3 2 (9.52%) C#
3 2 (9.52%) PL/SQL
3 2 (9.52%) VB.NET
Qualifications
1 1 (4.76%) ISEB
1 1 (4.76%) ITIL Certification
Quality Assurance & Compliance
1 8 (38.10%) Data Quality
2 2 (9.52%) MiFID
3 1 (4.76%) ISO20022
3 1 (4.76%) Sarbanes-Oxley
Vendors
1 3 (14.29%) Microsoft
1 3 (14.29%) Tableau
2 1 (4.76%) Cloudera
2 1 (4.76%) Cognos
2 1 (4.76%) Informatica