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 23 June 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.

Solvency II
London / City of London
3 months to
23 Jun 2017
Same period 2016 Same period 2015
Rank 163 123 149
Rank change year-on-year -40 +26  
Contract jobs citing Solvency II 3 41 52
As % of all contract IT jobs advertised in the City of London 0.091% 1.21% 0.89%
As % of the Quality Assurance & Compliance category 0.61% 10.57% 7.96%
Number of daily rates quoted 1 37 40
Median daily rate £500 £540 £475
Median daily rate % change year-on-year -7.40% +13.68%  
UK excluding London median daily rate £433 £450 £480
% change year-on-year -3.88% -6.25%  
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 494 388 653
As % of all contract IT job vacancies advertised in the City of London 14.97% 11.47% 11.24%
Number of daily rates quoted 356 308 498
Median daily rate £500 £475 £475
Median daily rate % change year-on-year +5.26% -  
90% offered a daily rate of more than £328 £325 £300
10% offered a daily rate of more than £650 £613 £650
UK excluding London median daily rate £400 £380 £375
% change year-on-year +5.26% +1.33%  
Number of hourly rates quoted 7 1 7
Median hourly rate £15.00 £85.50 £24.00
Median hourly rate % change year-on-year -82.45% +256.25%  
90% offered a hourly rate of more than £14.02 £85.50 £10.00
10% offered a hourly rate of more than £61.00 £85.50 £63.40
UK excluding London median hourly rate £25.00 £28.25 £24.75
% change year-on-year -11.50% +14.14%  

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

For the 6 months to 23 June 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 7 (70.00%) SQL
1 7 (70.00%) Data Analysis
2 6 (60.00%) ETL
3 5 (50.00%) Data Modelling
3 5 (50.00%) Data Warehouse
4 4 (40.00%) Finance
4 4 (40.00%) Data Management
4 4 (40.00%) Data Quality
4 4 (40.00%) Data Lineage
5 3 (30.00%) SQL Server Reporting Services
5 3 (30.00%) SQL Server Integration Services
5 3 (30.00%) SQL Server Analysis Services
5 3 (30.00%) Data Architecture
5 3 (30.00%) UML
5 3 (30.00%) SQL Server
5 3 (30.00%) Business Intelligence
6 2 (20.00%) Microsoft
6 2 (20.00%) BusinessObjects
6 2 (20.00%) SharePoint
6 2 (20.00%) Remedy
6 2 (20.00%) PL/SQL
6 2 (20.00%) T-SQL
6 2 (20.00%) Microsoft Excel
6 2 (20.00%) MS Access
6 2 (20.00%) MS Visio
6 2 (20.00%) SAP
6 2 (20.00%) GAP Analysis
6 2 (20.00%) Management Information System
6 2 (20.00%) Confluence
6 2 (20.00%) MiFID

Solvency II
Co-occurring 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 2 (20.00%) Confluence
1 2 (20.00%) SharePoint
2 1 (10.00%) SAS
Applications
1 2 (20.00%) Microsoft Excel
1 2 (20.00%) MS Visio
Database & Business Intelligence
1 5 (50.00%) Data Warehouse
2 3 (30.00%) SQL Server
2 3 (30.00%) SQL Server Analysis Services
2 3 (30.00%) SQL Server Integration Services
2 3 (30.00%) SQL Server Reporting Services
3 2 (20.00%) BusinessObjects
3 2 (20.00%) MS Access
4 1 (10.00%) Big Data
4 1 (10.00%) SAS EBI
Development Applications
1 2 (20.00%) JIRA
2 1 (10.00%) ERwin
2 1 (10.00%) Visual Studio
2 1 (10.00%) XMLSpy
General
1 4 (40.00%) Finance
2 1 (10.00%) Banking
Job Titles
1 5 (50.00%) Analyst
2 3 (30.00%) Architect
2 3 (30.00%) Data Analyst
3 2 (20.00%) Business Intelligence Analyst
3 2 (20.00%) Data Architect
3 2 (20.00%) Excel Analyst
3 2 (20.00%) Insurance Systems Analyst
3 2 (20.00%) SAP Analyst
3 2 (20.00%) SAP Data Analyst
3 2 (20.00%) SQL Analyst
3 2 (20.00%) SQL Data Analyst
3 2 (20.00%) Systems Analyst
4 1 (10.00%) Business Analyst
4 1 (10.00%) Business Developer
4 1 (10.00%) Data Business Analyst
4 1 (10.00%) MiFID Architect
4 1 (10.00%) Project Manager
4 1 (10.00%) Solvency II Business Analyst
4 1 (10.00%) Solvency II Project Manager
4 1 (10.00%) SQL BI Developer
Libraries, Frameworks & Software Standards
1 1 (10.00%) .NET
1 1 (10.00%) ASP.NET
1 1 (10.00%) FIX Protocol
1 1 (10.00%) FpML
1 1 (10.00%) XML
Miscellaneous
1 2 (20.00%) Data Structures
1 2 (20.00%) Management Information System
2 1 (10.00%) Analytical Skills
2 1 (10.00%) Derivative
2 1 (10.00%) Equities
2 1 (10.00%) Fixed Income
Processes & Methodologies
1 7 (70.00%) Data Analysis
2 6 (60.00%) ETL
3 5 (50.00%) Data Modelling
4 4 (40.00%) Data Lineage
4 4 (40.00%) Data Management
5 3 (30.00%) Business Intelligence
5 3 (30.00%) Data Architecture
5 3 (30.00%) UML
6 2 (20.00%) Data Governance
6 2 (20.00%) Data Mapping
6 2 (20.00%) Dimensional Modelling
6 2 (20.00%) GAP Analysis
6 2 (20.00%) Information Management
6 2 (20.00%) Master Data Management
6 2 (20.00%) Metadata Management
7 1 (10.00%) Analytics
7 1 (10.00%) Business Analysis
7 1 (10.00%) Case Management
7 1 (10.00%) Data Extraction
7 1 (10.00%) Data Integration
Programming Languages
1 7 (70.00%) SQL
2 2 (20.00%) PL/SQL
2 2 (20.00%) T-SQL
3 1 (10.00%) C#
3 1 (10.00%) VB.NET
Quality Assurance & Compliance
1 4 (40.00%) Data Quality
2 2 (20.00%) MiFID
3 1 (10.00%) ISO 20022
Vendors
1 2 (20.00%) Microsoft
1 2 (20.00%) Remedy
1 2 (20.00%) SAP