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 26 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
26 Mar 2017
Same period 2016 Same period 2015
Solvency II
England / London
Rank 379 382 339
Rank change year-on-year +3 -43  
Contract jobs citing Solvency II 27 54 80
As % of all contract IT jobs advertised in London 0.14% 0.24% 0.38%
As % of the Quality Assurance & Compliance category 1.15% 2.24% 3.38%
Number of daily rates quoted 25 47 59
Median daily rate £550 £485 £510
Median daily rate % change year-on-year +13.40% -4.90%  
90% offered a daily rate of more than £475 £330 £424
10% offered a daily rate of more than £670 £600 £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 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 2349 2411 2370
As % of all contract IT job vacancies advertised in London 12.20% 10.89% 11.18%
Number of daily rates quoted 1661 1697 1664
Median daily rate £500 £450 £438
Median daily rate % change year-on-year +11.11% +2.85%  
90% offered a daily rate of more than £313 £278 £263
10% offered a daily rate of more than £650 £625 £624
UK excluding London median daily rate £400 £400 £380
% change year-on-year - +5.26%  
Number of hourly rates quoted 35 33 17
Median hourly rate £20.50 £22.12 £21.75
Median hourly rate % change year-on-year -7.30% +1.67%  
90% offered a hourly rate of more than £13.50 £14.04 £17.00
10% offered a hourly rate of more than £50.00 £34.00 £136.75
UK excluding London median hourly rate £19.90 £41.00 £29.00
% change year-on-year -51.46% +41.37%  

Solvency II
Job Vacancy Trend in London

The job posting trend of jobs advertised in 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 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 26 March 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 26 March 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 -11 7 £525 +6.32% 1
West End of London - 1 £513 -
Solvency II
England

Solvency II
Top 30 Related IT Skills in London

For the 6 months to 26 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 London region with a requirement for Solvency II.

1 38 (48.10%) Finance
2 19 (24.05%) Data Warehouse
3 18 (22.78%) Data Quality
4 17 (21.52%) Business Analysis
5 15 (18.99%) Data Modelling
5 15 (18.99%) Business Intelligence
6 13 (16.46%) SQL Server Reporting Services
6 13 (16.46%) Data Analysis
7 12 (15.19%) Data Management
8 11 (13.92%) SQL
9 10 (12.66%) Asset Management
9 10 (12.66%) Analytical Skills
9 10 (12.66%) Data Governance
10 9 (11.39%) Investment Management
10 9 (11.39%) Project Management
11 8 (10.13%) SQL Server
11 8 (10.13%) Sybase
11 8 (10.13%) Banking
11 8 (10.13%) Agile Software Development
11 8 (10.13%) MiFID
11 8 (10.13%) SQL Server Integration Services
11 8 (10.13%) SQL Server Analysis Services
12 7 (8.86%) Risk Management
12 7 (8.86%) UML
13 6 (7.59%) T-SQL
13 6 (7.59%) ETL
13 6 (7.59%) Stakeholder Management
13 6 (7.59%) Data Extraction
14 5 (6.33%) Data Architecture
14 5 (6.33%) Data Protection

Solvency II
Top Related 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 4 (5.06%) SharePoint
2 2 (2.53%) Confluence
2 2 (2.53%) SAS
Applications
1 4 (5.06%) MS Visio
Business Applications
1 2 (2.53%) Dynamics AX
1 2 (2.53%) Dynamics CRM
1 2 (2.53%) Markit EDM
2 1 (1.27%) Dynamics GP
Cloud Services
1 2 (2.53%) SaaS
Communications & Networking
1 1 (1.27%) IMAP
Database & Business Intelligence
1 19 (24.05%) Data Warehouse
2 13 (16.46%) SQL Server Reporting Services
3 8 (10.13%) SQL Server
3 8 (10.13%) SQL Server Analysis Services
3 8 (10.13%) SQL Server Integration Services
4 4 (5.06%) Big Data
5 3 (3.80%) Hadoop
6 2 (2.53%) SAS EBI
Development Applications
1 4 (5.06%) JIRA
2 2 (2.53%) Subversion
2 2 (2.53%) Visual Studio
3 1 (1.27%) ERwin
General
1 38 (48.10%) Finance
2 8 (10.13%) Banking
3 4 (5.06%) Retail
4 2 (2.53%) Front Office
4 2 (2.53%) Investment Banking
4 2 (2.53%) Private Banking
4 2 (2.53%) Retail Banking
4 2 (2.53%) Wholesale Banking
5 1 (1.27%) General Ledger
Job Titles
1 52 (65.82%) Analyst
2 36 (45.57%) Business Analyst
3 15 (18.99%) Data Analyst
4 10 (12.66%) Data Quality Analyst
4 10 (12.66%) Quality Analyst
5 9 (11.39%) Business Intelligence Analyst
5 9 (11.39%) Insurance Business Analyst
5 9 (11.39%) Project Manager
5 9 (11.39%) Solvency II Business Analyst
6 8 (10.13%) Excel Analyst
7 6 (7.59%) Business Intelligence Business Analyst
7 6 (7.59%) Data Business Analyst
7 6 (7.59%) Report Analyst
8 5 (6.33%) Solvency II Project Manager
9 4 (5.06%) Architect
9 4 (5.06%) Finance Business Analyst
9 4 (5.06%) Financial Analyst
9 4 (5.06%) MiFID Business Analyst
10 3 (3.80%) Developer
10 3 (3.80%) Systems Analyst
Libraries, Frameworks & Software Standards
1 2 (2.53%) .NET
1 2 (2.53%) ASP.NET
1 2 (2.53%) Flash
2 1 (1.27%) FIX Protocol
2 1 (1.27%) FpML
2 1 (1.27%) MDX
2 1 (1.27%) XML
Miscellaneous
1 10 (12.66%) Analytical Skills
2 5 (6.33%) Management Information System
3 4 (5.06%) Data Structures
3 4 (5.06%) Market Risk
3 4 (5.06%) Reference Data
4 3 (3.80%) Data Protection Act
5 2 (2.53%) Algorithms
5 2 (2.53%) Credit Risk
5 2 (2.53%) Derivative
5 2 (2.53%) Equities
5 2 (2.53%) Fixed Income
5 2 (2.53%) Reinsurance
6 1 (1.27%) Fintech
6 1 (1.27%) Foreign Exchange (FX)
Operating Systems
1 2 (2.53%) Unix
Processes & Methodologies
1 17 (21.52%) Business Analysis
2 15 (18.99%) Business Intelligence
2 15 (18.99%) Data Modelling
3 13 (16.46%) Data Analysis
4 12 (15.19%) Data Management
5 10 (12.66%) Asset Management
5 10 (12.66%) Data Governance
6 9 (11.39%) Investment Management
6 9 (11.39%) Project Management
7 8 (10.13%) Agile Software Development
8 7 (8.86%) Risk Management
8 7 (8.86%) UML
9 6 (7.59%) Data Extraction
9 6 (7.59%) ETL
9 6 (7.59%) Stakeholder Management
10 5 (6.33%) Data Architecture
10 5 (6.33%) Data Protection
10 5 (6.33%) PRINCE2
11 4 (5.06%) Risk Assessment
11 4 (5.06%) Validation
Programming Languages
1 11 (13.92%) SQL
2 6 (7.59%) T-SQL
3 2 (2.53%) C#
3 2 (2.53%) C++
3 2 (2.53%) PL/SQL
3 2 (2.53%) Python
3 2 (2.53%) Shell Script
3 2 (2.53%) VB.NET
3 2 (2.53%) VBA
Qualifications
1 3 (3.80%) Degree
1 3 (3.80%) PMI Certification
1 3 (3.80%) PMP
2 2 (2.53%) ISEB
2 2 (2.53%) PRINCE2 Certification
3 1 (1.27%) IIBA
3 1 (1.27%) ITIL Certification
3 1 (1.27%) PRINCE2 Practitioner
Quality Assurance & Compliance
1 18 (22.78%) Data Quality
2 8 (10.13%) MiFID
3 4 (5.06%) EMIR
3 4 (5.06%) Sarbanes-Oxley
4 3 (3.80%) IFRS
5 2 (2.53%) AIFMD
5 2 (2.53%) Basel III
5 2 (2.53%) Dodd-Frank
5 2 (2.53%) IFRS 9
5 2 (2.53%) QA
6 1 (1.27%) ISO20022
6 1 (1.27%) PMO
6 1 (1.27%) UCITS
Vendors
1 8 (10.13%) Sybase
2 4 (5.06%) Microsoft
3 3 (3.80%) Cloudera
3 3 (3.80%) Tableau
4 2 (2.53%) Algorithmics
4 2 (2.53%) Bloomberg
4 2 (2.53%) Cognos
4 2 (2.53%) Informatica
4 2 (2.53%) Perforce
5 1 (1.27%) Epicor
5 1 (1.27%) Microgen
5 1 (1.27%) Murex
5 1 (1.27%) PeopleSoft
5 1 (1.27%) Sage
5 1 (1.27%) SAP