Period
to

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 6 months to 25 June 2022 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
6 months to
25 Jun 2022
Same period 2021 Same period 2020
Rank 539 485 380
Rank change year-on-year -54 -105 +196
Contract jobs citing Solvency II 35 15 32
As % of all contract jobs advertised in London 0.090% 0.056% 0.18%
As % of the Quality Assurance & Compliance category 0.72% 0.46% 1.66%
Number of daily rates quoted 31 13 24
10th Percentile £500 £468 -
25th Percentile £578 £506 £463
Median daily rate (50th Percentile) £725 £588 £500
Median % change year-on-year +23.40% +17.50% -6.98%
75th Percentile £850 £700 £575
90th Percentile - £730 £615
England median daily rate £710 £588 £500
% change year-on-year +20.85% +17.50% -9.09%

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 London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
London
Contract vacancies with a requirement for quality assurance or compliance skills 4,862 3,257 1,929
As % of all contract IT jobs advertised in London 12.50% 12.18% 11.02%
Number of daily rates quoted 3,429 2,226 1,346
10th Percentile £350 £320 £301
25th Percentile £455 £413 £403
Median daily rate (50th Percentile) £550 £520 £500
Median % change year-on-year +5.77% +4.00% -
75th Percentile £670 £620 £575
90th Percentile £775 £694 £650
England median daily rate £525 £475 £475
% change year-on-year +10.53% - +5.56%
Number of hourly rates quoted 80 28 37
10th Percentile £18.45 £14.18 £15.77
25th Percentile £24.35 £19.38 £19.99
Median hourly rate £44.50 £21.75 £31.72
Median % change year-on-year +104.60% -31.43% +55.15%
75th Percentile £49.25 £32.13 £45.00
90th Percentile £68.75 £38.83 £54.65
England median hourly rate £27.00 £21.00 £23.00
% change year-on-year +28.57% -8.70% +2.22%

Solvency II
Job Vacancy Trend in London

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

Job vacancy trend for Solvency II in London

Solvency II
Contractor Daily Rate Trend in London

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

Daily rate trend for Solvency II in London

Solvency II
Daily Rate Histogram in London

Daily rate distribution for jobs citing Solvency II in London over the 6 months to 25 June 2022.

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 6 months to 25 June 2022. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
Central London -29 5 £700 +33.33% 3
Solvency II
England

For the 6 months to 25 June 2022, 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 London region with a requirement for Solvency II.

1 31 (88.57%) Finance
2 27 (77.14%) IFRS
3 21 (60.00%) IFRS 17
4 17 (48.57%) Analytical Skills
5 10 (28.57%) SQL
5 10 (28.57%) Influencing Skills
5 10 (28.57%) Regulatory Change
6 8 (22.86%) Social Skills
6 8 (22.86%) Agile
7 7 (20.00%) Business Analysis
7 7 (20.00%) Business Intelligence
8 6 (17.14%) Data Modelling
8 6 (17.14%) Legal
8 6 (17.14%) Stakeholder Management
8 6 (17.14%) Degree
8 6 (17.14%) Power Platform
8 6 (17.14%) Power BI
9 5 (14.29%) Derivative
9 5 (14.29%) Data Analysis
9 5 (14.29%) Equities
9 5 (14.29%) Microsoft Excel
10 4 (11.43%) Data Warehouse
10 4 (11.43%) VB
10 4 (11.43%) SQL Server
10 4 (11.43%) OLAP
10 4 (11.43%) Banking
10 4 (11.43%) SQL Server Reporting Services
10 4 (11.43%) QlikView
10 4 (11.43%) DevOps
10 4 (11.43%) SDLC

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 1 (2.86%) Confluence
Applications
1 5 (14.29%) Microsoft Excel
Cloud Services
1 6 (17.14%) Power Platform
2 2 (5.71%) dbt
3 1 (2.86%) PowerApps
Communications & Networking
1 1 (2.86%) IMAP
Database & Business Intelligence
1 6 (17.14%) Power BI
2 4 (11.43%) Data Warehouse
2 4 (11.43%) OLAP
2 4 (11.43%) QlikView
2 4 (11.43%) SQL Server
2 4 (11.43%) SQL Server Reporting Services
3 3 (8.57%) SQL Server Analysis Services
3 3 (8.57%) SQL Server Integration Services
4 2 (5.71%) Tableau
5 1 (2.86%) Ataccama
5 1 (2.86%) Looker
5 1 (2.86%) Oracle Database
General
1 31 (88.57%) Finance
2 17 (48.57%) Analytical Skills
3 10 (28.57%) Influencing Skills
4 8 (22.86%) Social Skills
5 6 (17.14%) Legal
6 4 (11.43%) Banking
7 3 (8.57%) Back Office
7 3 (8.57%) Presentation Skills
8 2 (5.71%) Organisational Skills
9 1 (2.86%) Financial Institution
9 1 (2.86%) General Ledger
Job Titles
1 11 (31.43%) Analyst
2 10 (28.57%) Consultant
2 10 (28.57%) Transformation Consultant
3 7 (20.00%) Business Analyst
4 4 (11.43%) Business Intelligence Developer
4 4 (11.43%) Developer
4 4 (11.43%) Senior Business Intelligence Developer
4 4 (11.43%) Senior Developer
5 3 (8.57%) Data Analyst
5 3 (8.57%) Data Modeller
5 3 (8.57%) Financial Analyst
5 3 (8.57%) Risk Analyst
5 3 (8.57%) Risk Analytics Analyst
5 3 (8.57%) Risk Analytics Business Analyst
5 3 (8.57%) Risk Business Analyst
5 3 (8.57%) Senior Manager
5 3 (8.57%) Senior Project Manager
5 3 (8.57%) Senior SQL Developer
5 3 (8.57%) SQL BI Developer
5 3 (8.57%) SQL Developer
Miscellaneous
1 5 (14.29%) Derivative
1 5 (14.29%) Equities
2 3 (8.57%) Fixed Income
2 3 (8.57%) Reinsurance
3 2 (5.71%) Swaptions
4 1 (2.86%) Reference Data
Processes & Methodologies
1 10 (28.57%) Regulatory Change
2 8 (22.86%) Agile
3 7 (20.00%) Business Analysis
3 7 (20.00%) Business Intelligence
4 6 (17.14%) Data Modelling
4 6 (17.14%) Stakeholder Management
5 5 (14.29%) Data Analysis
6 4 (11.43%) DevOps
6 4 (11.43%) Requirements Gathering
6 4 (11.43%) SDLC
7 3 (8.57%) Acceptance Criteria
7 3 (8.57%) Analytics
7 3 (8.57%) Business Process Mapping
7 3 (8.57%) Computer Science
7 3 (8.57%) Economics
7 3 (8.57%) ETL
7 3 (8.57%) Project Delivery
7 3 (8.57%) Requirements Engineering
7 3 (8.57%) Risk Analytics
7 3 (8.57%) Risk Management
Programming Languages
1 10 (28.57%) SQL
2 4 (11.43%) VB
Qualifications
1 6 (17.14%) Degree
2 3 (8.57%) APMG
2 3 (8.57%) IIBA
2 3 (8.57%) ISEB
2 3 (8.57%) ISTQB Foundation Certification
2 3 (8.57%) Numerate Degree
3 2 (5.71%) Security Cleared
4 1 (2.86%) SC Cleared
Quality Assurance & Compliance
1 27 (77.14%) IFRS
2 21 (60.00%) IFRS 17
3 2 (5.71%) Data Quality
4 1 (2.86%) Basel III
4 1 (2.86%) GAAP
Vendors
1 3 (8.57%) Charles River
2 2 (5.71%) Alteryx
2 2 (5.71%) Talend
3 1 (2.86%) Informatica
3 1 (2.86%) Oracle