The following table provides summary statistics for contract job vacancies advertised in 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 29 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
England / London
3 months to
29 Jun 2017
Same period 2016 Same period 2015
Rank 398 352 339
Rank change year-on-year -46 -13  
Contract jobs citing Solvency II 29 80 97
As % of all contract IT jobs advertised in London 0.14% 0.37% 0.41%
As % of the Quality Assurance & Compliance category 1.18% 3.38% 3.67%
Number of daily rates quoted 26 69 69
Median daily rate £550 £540 £550
Median daily rate % change year-on-year +1.85% -1.81%  
90% offered a daily rate of more than £431 £425 £407
10% offered a daily rate of more than £725 £698 £700
UK excluding London median daily rate £433 £456 £463
% change year-on-year -5.20% -1.35%  
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 London with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
London
Contract job vacancies with a requirement for quality assurance and compliance skills 2454 2369 2644
As % of all contract IT job vacancies advertised in London 11.80% 10.95% 11.29%
Number of daily rates quoted 2065 1929 2278
Median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.55%  
90% offered a daily rate of more than £306 £281 £263
10% offered a daily rate of more than £675 £650 £651
UK excluding London median daily rate £400 £380 £375
% change year-on-year +5.26% +1.33%  
Number of hourly rates quoted 32 28 37
Median hourly rate £41.25 £20.87 £21.69
Median hourly rate % change year-on-year +97.69% -3.80%  
90% offered a hourly rate of more than £12.88 £12.85 £15.00
10% offered a hourly rate of more than £49.75 £43.98 £107.50
UK excluding London median hourly rate £24.00 £28.00 £21.55
% change year-on-year -14.28% +29.93%  

Solvency II
Job Vacancy Trend in London

Job postings citing Solvency II as a percentage of all IT jobs advertised in London.

Job vacancy trend for Solvency II in London

Solvency II
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for Solvency II in London

Solvency II
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing Solvency II in London over the 3 months to 29 June 2017.

Contractor daily rate histogram for Solvency II in London

Solvency II
Contract Job Locations in London

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 London region over the 3 months to 29 June 2017. 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 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
City of London -43 3 £500 -8.25% 1
Solvency II
England

For the 6 months to 29 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 London region with a requirement for Solvency II.

1 32 (57.14%) Finance
2 15 (26.79%) Project Management
2 15 (26.79%) Data Warehouse
3 14 (25.00%) SQL
4 11 (19.64%) Data Analysis
4 11 (19.64%) Business Analysis
5 10 (17.86%) MiFID
6 9 (16.07%) Asset Management
7 8 (14.29%) Agile Software Development
7 8 (14.29%) Investment Management
7 8 (14.29%) Analytical Skills
8 7 (12.50%) SQL Server
8 7 (12.50%) PRINCE2
8 7 (12.50%) Microsoft Excel
8 7 (12.50%) Business Intelligence
9 6 (10.71%) Data Modelling
9 6 (10.71%) ETL
9 6 (10.71%) Stakeholder Management
9 6 (10.71%) Data Quality
9 6 (10.71%) Analytics
10 5 (8.93%) EMIR
10 5 (8.93%) SQL Server Analysis Services
10 5 (8.93%) Data Protection
10 5 (8.93%) Reinsurance
10 5 (8.93%) PMO
10 5 (8.93%) SQL Server Reporting Services
10 5 (8.93%) SQL Server Integration Services
10 5 (8.93%) GAP Analysis
10 5 (8.93%) Banking
10 5 (8.93%) Risk Management

Solvency II
Co-occurring IT Skills in 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 (3.57%) Confluence
1 2 (3.57%) SharePoint
2 1 (1.79%) Mule
2 1 (1.79%) SAS
Applications
1 7 (12.50%) Microsoft Excel
2 2 (3.57%) MS Visio
3 1 (1.79%) Microsoft Office
3 1 (1.79%) Microsoft PowerPoint
Business Applications
1 3 (5.36%) Markit EDM
2 1 (1.79%) SAP BPC
Cloud Services
1 2 (3.57%) SaaS
Database & Business Intelligence
1 15 (26.79%) Data Warehouse
2 7 (12.50%) SQL Server
3 5 (8.93%) SQL Server Analysis Services
3 5 (8.93%) SQL Server Integration Services
3 5 (8.93%) SQL Server Reporting Services
4 2 (3.57%) Big Data
4 2 (3.57%) BusinessObjects
4 2 (3.57%) MS Access
5 1 (1.79%) Essbase
5 1 (1.79%) Hadoop
5 1 (1.79%) OLAP
5 1 (1.79%) Power BI
5 1 (1.79%) RDBMS
5 1 (1.79%) Relational Database
5 1 (1.79%) SAS EBI
Development Applications
1 4 (7.14%) JIRA
2 2 (3.57%) Subversion
3 1 (1.79%) ERwin
3 1 (1.79%) Visual Studio
3 1 (1.79%) XMLSpy
General
1 32 (57.14%) Finance
2 5 (8.93%) Banking
3 3 (5.36%) Front Office
3 3 (5.36%) Private Banking
4 2 (3.57%) Retail
5 1 (1.79%) General Ledger
5 1 (1.79%) Investment Banking
5 1 (1.79%) Legal
Job Titles
1 27 (48.21%) Analyst
2 21 (37.50%) Business Analyst
3 16 (28.57%) Project Manager
4 7 (12.50%) Data Analyst
4 7 (12.50%) Solvency II Business Analyst
5 6 (10.71%) Data Business Analyst
5 6 (10.71%) Insurance Business Analyst
6 5 (8.93%) Architect
6 5 (8.93%) Investment Management Business Analyst
6 5 (8.93%) MiFID Business Analyst
7 3 (5.36%) Asset Management Analyst
7 3 (5.36%) Asset Management Business Analyst
7 3 (5.36%) Data Warehouse Manager
7 3 (5.36%) Data Warehouse Project Manager
7 3 (5.36%) Finance Business Analyst
7 3 (5.36%) Front Office Business Analyst
7 3 (5.36%) Reinsurance Project Manager
7 3 (5.36%) Solvency II Project Manager
7 3 (5.36%) SQL Data Analyst
7 3 (5.36%) Wealth Management Business Analyst
Libraries, Frameworks & Software Standards
1 2 (3.57%) .NET
1 2 (3.57%) ASP.NET
1 2 (3.57%) Flash
2 1 (1.79%) .NET Framework
2 1 (1.79%) FIX Protocol
2 1 (1.79%) FpML
2 1 (1.79%) WinForms
2 1 (1.79%) XBRL
2 1 (1.79%) XML
Miscellaneous
1 8 (14.29%) Analytical Skills
2 5 (8.93%) Reinsurance
3 4 (7.14%) Data Structures
3 4 (7.14%) Management Information System
4 3 (5.36%) Derivative
4 3 (5.36%) Fintech
5 2 (3.57%) Algorithms
5 2 (3.57%) Equities
5 2 (3.57%) Market Risk
5 2 (3.57%) Reference Data
6 1 (1.79%) Credit Risk
6 1 (1.79%) Fixed Income
6 1 (1.79%) Foreign Exchange (FX)
Operating Systems
1 2 (3.57%) Unix
Processes & Methodologies
1 15 (26.79%) Project Management
2 11 (19.64%) Business Analysis
2 11 (19.64%) Data Analysis
3 9 (16.07%) Asset Management
4 8 (14.29%) Agile Software Development
4 8 (14.29%) Investment Management
5 7 (12.50%) Business Intelligence
5 7 (12.50%) PRINCE2
6 6 (10.71%) Analytics
6 6 (10.71%) Data Modelling
6 6 (10.71%) ETL
6 6 (10.71%) Stakeholder Management
7 5 (8.93%) Data Protection
7 5 (8.93%) GAP Analysis
7 5 (8.93%) Risk Management
8 4 (7.14%) Data Management
8 4 (7.14%) SDLC
8 4 (7.14%) Stakeholder Engagement
8 4 (7.14%) UML
8 4 (7.14%) Waterfall
Programming Languages
1 14 (25.00%) SQL
2 4 (7.14%) C
2 4 (7.14%) T-SQL
3 3 (5.36%) VBA
4 2 (3.57%) C++
4 2 (3.57%) PL/SQL
4 2 (3.57%) Python
4 2 (3.57%) Shell Script
5 1 (1.79%) C#
5 1 (1.79%) VB.NET
Qualifications
1 3 (5.36%) Degree
1 3 (5.36%) PMI Certification
1 3 (5.36%) PMP
1 3 (5.36%) PRINCE2 Practitioner
2 2 (3.57%) PRINCE2 Certification
3 1 (1.79%) ISEB
Quality Assurance & Compliance
1 10 (17.86%) MiFID
2 6 (10.71%) Data Quality
3 5 (8.93%) EMIR
3 5 (8.93%) GAAP
3 5 (8.93%) PMO
4 4 (7.14%) Dodd-Frank
5 3 (5.36%) AIFMD
5 3 (5.36%) GDPR
6 2 (3.57%) IFRS
6 2 (3.57%) QA
7 1 (1.79%) ISO 20022
7 1 (1.79%) Sarbanes-Oxley
7 1 (1.79%) UCITS
System Software
1 1 (1.79%) Docker
Vendors
1 5 (8.93%) Microsoft
2 4 (7.14%) SAP
3 3 (5.36%) Tagetik
4 2 (3.57%) Algorithmics
4 2 (3.57%) Bloomberg
4 2 (3.57%) Perforce
4 2 (3.57%) Remedy
5 1 (1.79%) Anaplan
5 1 (1.79%) Cloudera
5 1 (1.79%) Cognos
5 1 (1.79%) Epicor
5 1 (1.79%) Hyperion
5 1 (1.79%) Informatica
5 1 (1.79%) Microgen
5 1 (1.79%) MuleSoft
5 1 (1.79%) Murex
5 1 (1.79%) PeopleSoft
5 1 (1.79%) Sage
5 1 (1.79%) Tableau
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