Period
to 21 November 2017

The following table provides summary statistics for contract job vacancies 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 21 November 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
UK
6 months to
21 Nov 2017
Same period 2016 Same period 2015
Rank 790 707 675
Rank change year-on-year -83 -32 -1
Contract jobs citing Solvency II 87 174 213
As % of all contract IT jobs advertised in the UK 0.084% 0.17% 0.19%
As % of the Quality Assurance & Compliance category 0.66% 1.46% 1.58%
Number of daily rates quoted 71 144 194
UK median daily rate £550 £500 £525
Median daily rate % change year-on-year +10.00% -4.76% +5.00%
10th Percentile £430 £363 £369
90th Percentile £688 £700 £700
UK excluding London median daily rate £475 £475 £534
% change year-on-year - -11.01% +10.62%
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

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 with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
UK
Contract vacancies with a requirement for quality assurance or compliance skills 13124 11893 13444
As % of all contract IT jobs advertised in the UK 12.73% 11.36% 11.84%
Number of daily rates quoted 8570 7755 8484
UK median daily rate £438 £425 £405
Median daily rate % change year-on-year +2.94% +4.94% +1.25%
10th Percentile £255 £225 £230
90th Percentile £638 £600 £588
UK excluding London median daily rate £400 £393 £388
% change year-on-year +1.91% +1.29% +6.90%
Number of hourly rates quoted 381 417 477
UK median hourly rate £20.00 £22.84 £22.50
Median hourly rate % change year-on-year -12.42% +1.49% +15.38%
10th Percentile £11.25 £10.78 £11.40
90th Percentile £49.75 £47.10 £51.25
UK excluding London median hourly rate £20.00 £25.00 £22.00
% change year-on-year -20.00% +13.64% +12.82%

Solvency II
Job Vacancy Trend

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

Job vacancy trend for Solvency II in the UK

Solvency II
Contractor Daily Rate Trend

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

Contractor daily rate trend for Solvency II in the UK

Solvency II
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Solvency II over the 6 months to 21 November 2017.

Contractor daily rate histogram for Solvency II in the UK

Solvency II
Contractor Hourly Rate Trend

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Solvency II.

Contractor hourly rate trend for Solvency II in the UK

Solvency II
Top 11 Contract Locations

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 UK over the 6 months to 21 November 2017. 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
Job
Vacancies
England -77 77 £550 +10.00% 4
London -82 67 £550 +10.00% 2
UK excluding London -5 19 £475 - 4
Scotland 0 9 £475 -32.14% 2
West Midlands +22 4 - -
Midlands +20 4 - -
North of England +50 3 £550 +2.33%
North West +20 2 £550 -
East of England -5 2 £500 +60.00%
Yorkshire +23 1 - -
Channel Islands - 1 £575 -

For the 6 months to 21 November 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 with a requirement for Solvency II.

1 47 (54.02%) Finance
2 23 (26.44%) GDPR
3 22 (25.29%) SQL
4 21 (24.14%) MiFID
5 18 (20.69%) Asset Management
6 15 (17.24%) Stakeholder Management
7 14 (16.09%) Business Intelligence
8 13 (14.94%) SQL Server Analysis Services
8 13 (14.94%) EMIR
9 12 (13.79%) Data Protection
9 12 (13.79%) Microsoft Excel
9 12 (13.79%) SQL Server Integration Services
10 11 (12.64%) Data Warehouse
10 11 (12.64%) SQL Server
10 11 (12.64%) Reinsurance
11 10 (11.49%) Project Management
11 10 (11.49%) Business Analysis
12 9 (10.34%) Microsoft
12 9 (10.34%) Data Governance
13 8 (9.20%) Investment Management
13 8 (9.20%) Dodd-Frank
13 8 (9.20%) SQL Server Reporting Services
13 8 (9.20%) Data Analysis
13 8 (9.20%) Front Office
14 7 (8.05%) Migration
14 7 (8.05%) Agile Software Development
14 7 (8.05%) FATCA
14 7 (8.05%) Analytics
15 6 (6.90%) C
16 5 (5.75%) Python

Solvency II
Co-occurring IT Skills 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 (1.15%) Mule
1 1 (1.15%) Oracle 10gAS
1 1 (1.15%) Oracle Application Server
1 1 (1.15%) SharePoint
Applications
1 12 (13.79%) Microsoft Excel
2 4 (4.60%) Microsoft PowerPoint
2 4 (4.60%) Microsoft Project
3 3 (3.45%) Microsoft Office
4 2 (2.30%) MS Visio
Business Applications
1 5 (5.75%) Markit EDM
Communications & Networking
1 1 (1.15%) IMAP
Database & Business Intelligence
1 13 (14.94%) SQL Server Analysis Services
2 12 (13.79%) SQL Server Integration Services
3 11 (12.64%) Data Warehouse
3 11 (12.64%) SQL Server
4 8 (9.20%) SQL Server Reporting Services
5 3 (3.45%) Relational Database
6 1 (1.15%) Data Mining
6 1 (1.15%) Microsoft Analysis Services
6 1 (1.15%) OLAP
6 1 (1.15%) Oracle Database
6 1 (1.15%) Oracle Database 10g
6 1 (1.15%) Oracle OLAP
6 1 (1.15%) Oracle9i Database
6 1 (1.15%) Power BI
6 1 (1.15%) QlikView
6 1 (1.15%) RDBMS
Development Applications
1 3 (3.45%) Eclipse
2 2 (2.30%) Atlassian Bamboo
2 2 (2.30%) PyCharm
2 2 (2.30%) Visual Studio
3 1 (1.15%) ProC
3 1 (1.15%) SQL Server Management Studio (SSMS)
3 1 (1.15%) Team Foundation Server
General
1 47 (54.02%) Finance
2 8 (9.20%) Front Office
3 5 (5.75%) Banking
4 4 (4.60%) Legal
5 3 (3.45%) Retail Banking
6 2 (2.30%) Law
6 2 (2.30%) Marketing
6 2 (2.30%) Private Banking
7 1 (1.15%) Publishing
Job Titles
1 37 (42.53%) Analyst
2 29 (33.33%) Business Analyst
3 20 (22.99%) Project Manager
4 13 (14.94%) Developer
5 9 (10.34%) Business Intelligence Developer
6 7 (8.05%) Data Business Analyst
6 7 (8.05%) GDPR Business Analyst
6 7 (8.05%) Investment Management Business Analyst
6 7 (8.05%) Solvency II Project Manager
7 6 (6.90%) Architect
7 6 (6.90%) Data Analyst
7 6 (6.90%) Solutions Architect
7 6 (6.90%) SQL Developer
8 5 (5.75%) Asset Management Analyst
8 5 (5.75%) Asset Management Business Analyst
8 5 (5.75%) Business Intelligence Analyst
8 5 (5.75%) Insurance Business Analyst
9 4 (4.60%) Solvency II Business Analyst
9 4 (4.60%) SQL BI Developer
10 3 (3.45%) Data Warehouse Project Manager
Libraries, Frameworks & Software Standards
1 3 (3.45%) .NET
1 3 (3.45%) MDX
2 2 (2.30%) .NET Framework
2 2 (2.30%) ASP.NET
2 2 (2.30%) Flask
2 2 (2.30%) jQuery
2 2 (2.30%) Web Services
3 1 (1.15%) CSS
3 1 (1.15%) DHTML
3 1 (1.15%) HTML
3 1 (1.15%) WinForms
3 1 (1.15%) XHTML
Miscellaneous
1 11 (12.64%) Reinsurance
2 5 (5.75%) Analytical Skills
2 5 (5.75%) Derivative
2 5 (5.75%) Equities
3 4 (4.60%) Fixed Income
4 3 (3.45%) Data Protection Act
5 2 (2.30%) Computer Science
5 2 (2.30%) Reference Data
6 1 (1.15%) IBM Mainframe
6 1 (1.15%) Mainframe
Operating Systems
1 1 (1.15%) HPUX
1 1 (1.15%) Linux
1 1 (1.15%) Red Hat Enterprise Linux
1 1 (1.15%) Unix
1 1 (1.15%) Windows
1 1 (1.15%) Windows Server
1 1 (1.15%) Windows Server 2003
1 1 (1.15%) Windows Server 2008
Processes & Methodologies
1 18 (20.69%) Asset Management
2 15 (17.24%) Stakeholder Management
3 14 (16.09%) Business Intelligence
4 12 (13.79%) Data Protection
5 10 (11.49%) Business Analysis
5 10 (11.49%) Project Management
6 9 (10.34%) Data Governance
7 8 (9.20%) Data Analysis
7 8 (9.20%) Investment Management
8 7 (8.05%) Agile Software Development
8 7 (8.05%) Analytics
8 7 (8.05%) Migration
9 5 (5.75%) Mathematics
9 5 (5.75%) Performance Management
9 5 (5.75%) Risk Management
9 5 (5.75%) SDLC
9 5 (5.75%) Statistics
9 5 (5.75%) Target Operating Model
10 4 (4.60%) Process Management
10 4 (4.60%) Programme Management
Programming Languages
1 22 (25.29%) SQL
2 6 (6.90%) C
3 5 (5.75%) Python
4 4 (4.60%) T-SQL
5 2 (2.30%) JavaScript
6 1 (1.15%) C#
6 1 (1.15%) PL/SQL
6 1 (1.15%) VB.NET
6 1 (1.15%) VBA
Qualifications
1 4 (4.60%) Degree
2 2 (2.30%) PMP
3 1 (1.15%) ISEB
3 1 (1.15%) PRINCE2 Practitioner
Quality Assurance & Compliance
1 23 (26.44%) GDPR
2 21 (24.14%) MiFID
3 13 (14.94%) EMIR
4 8 (9.20%) Dodd-Frank
5 7 (8.05%) FATCA
6 4 (4.60%) Basel II
6 4 (4.60%) Data Quality
7 3 (3.45%) GAAP
7 3 (3.45%) Sarbanes-Oxley
8 2 (2.30%) AIFMD
8 2 (2.30%) PMO
8 2 (2.30%) QA
9 1 (1.15%) IFRS
9 1 (1.15%) IFRS 9
System Software
1 1 (1.15%) Docker
1 1 (1.15%) Hyper-V
1 1 (1.15%) VMware Infrastructure
Systems Management
1 1 (1.15%) Oracle RMAN
Vendors
1 9 (10.34%) Microsoft
2 3 (3.45%) Bloomberg
3 2 (2.30%) Guidewire
3 2 (2.30%) Tagetik
4 1 (1.15%) IBM
4 1 (1.15%) Informatica
4 1 (1.15%) MuleSoft
4 1 (1.15%) Oracle
4 1 (1.15%) Red Hat
4 1 (1.15%) Reuters
4 1 (1.15%) Tableau
4 1 (1.15%) VMware