Period
to 8 December 2021

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 6 months to 8 December 2021 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
Central London > City of London
6 months to
8 Dec 2021
Same period 2020 Same period 2019
Rank 182 123 212
Rank change year-on-year -59 +89 +43
Contract jobs citing Solvency II 6 2 8
As % of all contract jobs advertised in the City of London 0.15% 0.10% 0.14%
As % of the Quality Assurance & Compliance category 1.03% 0.95% 1.36%
Number of daily rates quoted 4 0 8
10th Percentile £491 " £433
25th Percentile £497 " £491
Median daily rate (50th Percentile) £506 - £556
75th Percentile £558 " £638
90th Percentile £628 " £671
Central London median daily rate £506 - £556

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 contract job vacancies advertised in the City of London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
City of London
Contract vacancies with a requirement for quality assurance or compliance skills 584 210 588
As % of all contract IT jobs advertised in the City of London 14.21% 10.54% 10.42%
Number of daily rates quoted 444 142 438
10th Percentile £350 £306 £304
25th Percentile £451 £401 £367
Median daily rate (50th Percentile) £543 £475 £500
Median % change year-on-year +14.21% -5.00% +5.26%
75th Percentile £625 £575 £588
90th Percentile £700 £650 £679
Central London median daily rate £540 £475 £495
% change year-on-year +13.68% -4.04% +4.21%
Number of hourly rates quoted 5 1 2
Median hourly rate £33.00 £22.00 £16.50
Median % change year-on-year +50.00% +33.33% -12.47%
Central London median hourly rate £33.00 £22.00 £16.50
% change year-on-year +50.00% +33.33% -12.47%

Solvency II
Job Vacancy Trend in the City of London

Job postings citing Solvency II as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Solvency II in the City of London

Solvency II
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Solvency II in the City of London.

Daily rate trend for Solvency II in the City of London

Solvency II
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Solvency II in the City of London over the 6 months to 8 December 2021.

Daily rate histogram for Solvency II in the City of London

For the 6 months to 8 December 2021, IT contractor jobs citing Solvency II also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the City of London region with a requirement for Solvency II.

1 5 (83.33%) Finance
2 4 (66.67%) SQL
2 4 (66.67%) ETL
2 4 (66.67%) IFRS
3 3 (50.00%) DevOps
3 3 (50.00%) SQL Server Analysis Services
3 3 (50.00%) Azure
3 3 (50.00%) Data Modelling
3 3 (50.00%) Agile Software Development
4 2 (33.33%) SQL Server Integration Services
4 2 (33.33%) Business Intelligence
4 2 (33.33%) Microsoft
4 2 (33.33%) Sarbanes-Oxley
4 2 (33.33%) Data Warehouse
4 2 (33.33%) T-SQL
4 2 (33.33%) SQL Server
4 2 (33.33%) Microsoft Analysis Services
4 2 (33.33%) User Acceptance Testing
4 2 (33.33%) SDLC
4 2 (33.33%) Power BI
4 2 (33.33%) Power Platform
4 2 (33.33%) Social Skills
5 1 (16.67%) Documentation Skills
5 1 (16.67%) Metadata
5 1 (16.67%) Power Query
5 1 (16.67%) PowerApps
5 1 (16.67%) StreamSets
5 1 (16.67%) Project Delivery
5 1 (16.67%) Requirements Gathering
5 1 (16.67%) Azure Storage

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:

Cloud Services
1 3 (50.00%) Azure
2 2 (33.33%) Power Platform
3 1 (16.67%) Azure Storage
3 1 (16.67%) PowerApps
Database & Business Intelligence
1 3 (50.00%) SQL Server Analysis Services
2 2 (33.33%) Data Warehouse
2 2 (33.33%) Microsoft Analysis Services
2 2 (33.33%) Power BI
2 2 (33.33%) SQL Server
2 2 (33.33%) SQL Server Integration Services
3 1 (16.67%) Crystal Reports
3 1 (16.67%) Data Lake
3 1 (16.67%) Enterprise Data Warehouse
3 1 (16.67%) Metadata
3 1 (16.67%) Power Query
3 1 (16.67%) QlikView
3 1 (16.67%) SSDT
Development Applications
1 1 (16.67%) Cucumber
1 1 (16.67%) Selenium
1 1 (16.67%) SpecFlow
1 1 (16.67%) Team Foundation Server
1 1 (16.67%) Toad
1 1 (16.67%) Visual Studio
General
1 5 (83.33%) Finance
2 2 (33.33%) Social Skills
3 1 (16.67%) Analytical Skills
3 1 (16.67%) Documentation Skills
Job Titles
1 2 (33.33%) Analyst
2 1 (16.67%) Data Engineer
2 1 (16.67%) Data Warehouse Developer
2 1 (16.67%) Developer
2 1 (16.67%) Finance Manager
2 1 (16.67%) Finance Project Manager
2 1 (16.67%) Finance Systems Analyst
2 1 (16.67%) Financial Analyst
2 1 (16.67%) Project Manager
2 1 (16.67%) Senior Finance Project Manager
2 1 (16.67%) Senior Manager
2 1 (16.67%) Senior Project Manager
2 1 (16.67%) Systems Analyst
2 1 (16.67%) Test Analyst
Libraries, Frameworks & Software Standards
1 1 (16.67%) Gherkin
1 1 (16.67%) XML
Miscellaneous
1 1 (16.67%) Management Information System
1 1 (16.67%) Reinsurance
1 1 (16.67%) Self-Motivation
Processes & Methodologies
1 4 (66.67%) ETL
2 3 (50.00%) Agile Software Development
2 3 (50.00%) Data Modelling
2 3 (50.00%) DevOps
3 2 (33.33%) Business Intelligence
3 2 (33.33%) SDLC
3 2 (33.33%) User Acceptance Testing
4 1 (16.67%) BDD
4 1 (16.67%) Business Analytics
4 1 (16.67%) Continuous Improvement
4 1 (16.67%) Continuous Integration
4 1 (16.67%) Data Architecture
4 1 (16.67%) Data Governance
4 1 (16.67%) Data Protection
4 1 (16.67%) Kanban
4 1 (16.67%) Kimball Methodology
4 1 (16.67%) Portfolio Management
4 1 (16.67%) System Testing
4 1 (16.67%) Test Automation
4 1 (16.67%) Test Scripting
Programming Languages
1 4 (66.67%) SQL
2 2 (33.33%) T-SQL
3 1 (16.67%) Data Analysis Expressions (DAX)
Qualifications
1 1 (16.67%) ACCA
1 1 (16.67%) CIMA
Quality Assurance & Compliance
1 4 (66.67%) IFRS
2 2 (33.33%) Sarbanes-Oxley
3 1 (16.67%) Data Quality
3 1 (16.67%) GDPR
3 1 (16.67%) QA
Vendors
1 2 (33.33%) Microsoft
2 1 (16.67%) Databricks
2 1 (16.67%) StreamSets
2 1 (16.67%) Tagetik