The following table provides summary statistics for contract job vacancies advertised in the South East 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 / South East
Rank 233 263 222
Rank change year-on-year +30 -41  
Contract jobs citing Solvency II 7 2 38
As % of all contract IT jobs advertised in the South East 0.091% 0.022% 0.39%
As % of the Quality Assurance & Compliance category 0.78% 0.19% 2.95%
Number of daily rates quoted 5 2 25
Median daily rate £625 £638 £450
Median daily rate % change year-on-year -1.96% +41.66%  
90% offered a daily rate of more than £485 £548 £334
10% offered a daily rate of more than £650 £728 £550
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 the South East with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
South East
Contract job vacancies with a requirement for quality assurance and compliance skills 901 1068 1286
As % of all contract IT job vacancies advertised in the South East 11.65% 11.58% 13.12%
Number of daily rates quoted 543 620 651
Median daily rate £425 £386 £381
Median daily rate % change year-on-year +10.24% +1.18%  
90% offered a daily rate of more than £260 £225 £225
10% offered a daily rate of more than £600 £500 £550
UK excluding London median daily rate £400 £400 £380
% change year-on-year - +5.26%  
Number of hourly rates quoted 36 53 38
Median hourly rate £30.00 £35.00 £35.00
Median hourly rate % change year-on-year -14.28% -  
90% offered a hourly rate of more than £12.50 £12.50 £12.50
10% offered a hourly rate of more than £52.50 £61.00 £55.00
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 the South East

The job posting trend of jobs advertised in the South East 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 South East

Solvency II
Contractor Daily Rate Trend in the South East

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

Contractor daily rate trend for Solvency II in the South East

Solvency II
Contractor Daily Rate Histogram in the South East

The daily rate distribution of IT jobs citing Solvency II in the South East over the 3 months to 26 March 2017.

Contractor daily rate histogram for Solvency II in the South East

Solvency II
Contract Job Locations in the South East

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 South East 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
West Sussex - 2 - -
East Sussex +6 1 £625 +19.04%
Surrey - 1 £425 - 1
Berkshire - 1 £575 -
Solvency II
England

Solvency II
Top 30 Related IT Skills in the South East

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 South East region with a requirement for Solvency II.

1 13 (81.25%) Finance
2 5 (31.25%) Banking
3 4 (25.00%) GAP Analysis
3 4 (25.00%) Data Modelling
4 3 (18.75%) PRINCE2
4 3 (18.75%) PRINCE
4 3 (18.75%) Data Warehouse
4 3 (18.75%) Retail
4 3 (18.75%) Validation
4 3 (18.75%) Process Improvement
4 3 (18.75%) Business Process Modelling
5 2 (12.50%) Business Process Analysis
5 2 (12.50%) Digital Media
5 2 (12.50%) Oracle SOA Suite
5 2 (12.50%) MuleSoft
5 2 (12.50%) Reinsurance
5 2 (12.50%) Enterprise Software
5 2 (12.50%) Guidewire
5 2 (12.50%) Data Extraction
5 2 (12.50%) SAP PI
5 2 (12.50%) Pega
5 2 (12.50%) Investment Banking
5 2 (12.50%) Social Media
5 2 (12.50%) Degree
5 2 (12.50%) MiFID
5 2 (12.50%) SCADA
5 2 (12.50%) User Acceptance Testing
5 2 (12.50%) Integration Testing
5 2 (12.50%) Stakeholder Management
5 2 (12.50%) E-Commerce

Solvency II
Top Related IT Skills in the South East 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 (12.50%) BizTalk Server
1 2 (12.50%) Oracle SOA Suite
Database & Business Intelligence
1 3 (18.75%) Data Warehouse
General
1 13 (81.25%) Finance
2 5 (31.25%) Banking
3 3 (18.75%) Retail
4 2 (12.50%) Investment Banking
5 1 (6.25%) Advertising
5 1 (6.25%) Legal
5 1 (6.25%) Retail Banking
Job Titles
1 11 (68.75%) Analyst
2 9 (56.25%) Business Analyst
3 6 (37.50%) Solvency II Business Analyst
4 2 (12.50%) Architect
4 2 (12.50%) Project Manager
4 2 (12.50%) Regulatory Business Analyst
4 2 (12.50%) Senior Architect
4 2 (12.50%) Senior Solutions Architect
4 2 (12.50%) Solutions Architect
5 1 (6.25%) Compliance Analyst
5 1 (6.25%) Compliance Business Analyst
5 1 (6.25%) Compliance Project Manager
5 1 (6.25%) Excel Analyst
5 1 (6.25%) Finance Business Analyst
5 1 (6.25%) IT Analyst
5 1 (6.25%) Regulatory Compliance Analyst
5 1 (6.25%) Regulatory Compliance Business Analyst
5 1 (6.25%) Regulatory Compliance Manager
5 1 (6.25%) Regulatory Compliance Project Manager
5 1 (6.25%) Senior Risk Manager
Libraries, Frameworks & Software Standards
1 2 (12.50%) Middleware
1 2 (12.50%) SAP PI
Miscellaneous
1 2 (12.50%) Digital Media
1 2 (12.50%) Enterprise Software
1 2 (12.50%) Foreign Exchange (FX)
1 2 (12.50%) Reinsurance
1 2 (12.50%) SCADA
1 2 (12.50%) Social Media
2 1 (6.25%) Analytical Skills
2 1 (6.25%) Data Centre
Processes & Methodologies
1 4 (25.00%) Data Modelling
1 4 (25.00%) GAP Analysis
2 3 (18.75%) Business Process Modelling
2 3 (18.75%) PRINCE
2 3 (18.75%) PRINCE2
2 3 (18.75%) Process Improvement
2 3 (18.75%) Validation
3 2 (12.50%) Business Intelligence
3 2 (12.50%) Business Process Analysis
3 2 (12.50%) CRM
3 2 (12.50%) Data Extraction
3 2 (12.50%) E-Commerce
3 2 (12.50%) Integration Testing
3 2 (12.50%) SOA
3 2 (12.50%) Stakeholder Management
3 2 (12.50%) User Acceptance Testing
4 1 (6.25%) Fund Management
4 1 (6.25%) Investment Management
4 1 (6.25%) Mathematics
4 1 (6.25%) Test Scripting
Qualifications
1 2 (12.50%) Degree
2 1 (6.25%) AAT
2 1 (6.25%) ACCA
2 1 (6.25%) IIBA
Quality Assurance & Compliance
1 2 (12.50%) MiFID
2 1 (6.25%) Data Quality
2 1 (6.25%) EMIR
2 1 (6.25%) FATCA
2 1 (6.25%) IFRS
2 1 (6.25%) IFRS 9
Vendors
1 2 (12.50%) Guidewire
1 2 (12.50%) MuleSoft
1 2 (12.50%) Oracle
1 2 (12.50%) Pega
1 2 (12.50%) SAP