The following table provides summary statistics for contract job vacancies advertised in Surrey 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 April 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
South East / Surrey
3 months to
29 Apr 2017
Same period 2016 Same period 2015
Rank 98 - 74
Rank change year-on-year - 0  
Contract jobs citing Solvency II 1 0 18
As % of all contract IT jobs advertised in Surrey 0.076% - 1.31%
As % of the Quality Assurance & Compliance category 0.63% - 9.89%
Number of daily rates quoted 1 0 15
Median daily rate £425 - £450
UK excluding London median daily rate £433 £605 £500
% change year-on-year -28.51% +21.00%  
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 Surrey with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
Surrey
Contract job vacancies with a requirement for quality assurance and compliance skills 158 157 182
As % of all contract IT job vacancies advertised in Surrey 11.93% 11.87% 13.29%
Number of daily rates quoted 110 90 81
Median daily rate £450 £450 £425
Median daily rate % change year-on-year - +5.88%  
90% offered a daily rate of more than £308 £203 £270
10% offered a daily rate of more than £600 £575 £550
UK excluding London median daily rate £400 £390 £375
% change year-on-year +2.56% +4.00%  
Number of hourly rates quoted 8 17 1
Median hourly rate £18.50 £22.50 £15.50
Median hourly rate % change year-on-year -17.77% +45.16%  
UK excluding London median hourly rate £24.00 £33.00 £29.00
% change year-on-year -27.27% +13.79%  

Solvency II
Job Vacancy Trend in Surrey

The job posting trend of jobs advertised in Surrey 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 Surrey

Solvency II
Contractor Daily Rate Trend in Surrey

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

Contractor daily rate trend for Solvency II in Surrey

Solvency II
Contract Job Locations in Surrey

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 Surrey region over the 3 months to 29 April 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
Staines - 1 £425 -
Solvency II
South East

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

1 3 (75.00%) Finance
2 2 (50.00%) GAP Analysis
2 2 (50.00%) Business Process Modelling
2 2 (50.00%) PRINCE2
2 2 (50.00%) Data Modelling
2 2 (50.00%) PRINCE
2 2 (50.00%) Process Improvement
3 1 (25.00%) FATCA
3 1 (25.00%) IFRS
3 1 (25.00%) IFRS 9
3 1 (25.00%) Business Process Analysis
3 1 (25.00%) Advertising
3 1 (25.00%) Banking
3 1 (25.00%) Retail
3 1 (25.00%) Retail Banking
3 1 (25.00%) MiFID
3 1 (25.00%) User Acceptance Testing
3 1 (25.00%) Integration Testing
3 1 (25.00%) Data Extraction
3 1 (25.00%) Stakeholder Engagement

Solvency II
Co-occurring IT Skills in Surrey 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:

General
1 3 (75.00%) Finance
2 1 (25.00%) Advertising
2 1 (25.00%) Banking
2 1 (25.00%) Retail
2 1 (25.00%) Retail Banking
Job Titles
1 3 (75.00%) Analyst
1 3 (75.00%) Business Analyst
1 3 (75.00%) Solvency II Business Analyst
2 1 (25.00%) Compliance Manager
2 1 (25.00%) Compliance Project Manager
2 1 (25.00%) Project Manager
2 1 (25.00%) Regulatory Compliance Manager
2 1 (25.00%) Regulatory Compliance Project Manager
Processes & Methodologies
1 2 (50.00%) Business Process Modelling
1 2 (50.00%) Data Modelling
1 2 (50.00%) GAP Analysis
1 2 (50.00%) PRINCE
1 2 (50.00%) PRINCE2
1 2 (50.00%) Process Improvement
2 1 (25.00%) Business Process Analysis
2 1 (25.00%) Data Extraction
2 1 (25.00%) Integration Testing
2 1 (25.00%) Stakeholder Engagement
2 1 (25.00%) User Acceptance Testing
Quality Assurance & Compliance
1 1 (25.00%) FATCA
1 1 (25.00%) IFRS
1 1 (25.00%) IFRS 9
1 1 (25.00%) MiFID