Period
to 20 April 2018

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 20 April 2018 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
20 Apr 2018
Same period 2017 Same period 2016
Rank 826 761 729
Rank change year-on-year -65 -32 -110
Contract jobs citing Solvency II 58 87 164
As % of all contract IT jobs advertised in the UK 0.057% 0.094% 0.15%
As % of the Quality Assurance & Compliance category 0.45% 0.81% 1.33%
Number of daily rates quoted 47 75 143
UK median daily rate £525 £538 £525
Median daily rate % change year-on-year -2.33% +2.38% +5.00%
10th Percentile £405 £389 £330
90th Percentile £725 £700 £650
UK excluding London median daily rate £475 £550 £500
% change year-on-year -13.64% +10.00% -
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 12,842 10,760 12,302
As % of all contract IT jobs advertised in the UK 12.69% 11.60% 11.53%
Number of daily rates quoted 8,283 7,012 7,825
UK median daily rate £450 £430 £400
Median daily rate % change year-on-year +4.65% +7.50% -
10th Percentile £260 £238 £225
90th Percentile £638 £625 £600
UK excluding London median daily rate £400 £400 £375
% change year-on-year - +6.67% -
Number of hourly rates quoted 365 358 416
UK median hourly rate £23.50 £22.50 £24.00
Median hourly rate % change year-on-year +4.44% -6.25% +11.37%
10th Percentile £12.25 £11.00 £12.14
90th Percentile £57.50 £53.98 £53.38
UK excluding London median hourly rate £24.78 £22.45 £25.00
% change year-on-year +10.38% -10.20% +13.71%

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 20 April 2018.

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 9 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 20 April 2018. 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 -71 45 £550 +2.33% 5
London -69 42 £550 +3.53% 4
UK excluding London -28 16 £475 -13.64% 4
Scotland - 12 £475 - 3
West Midlands +2 1 - -
Midlands -4 1 - -
South East -31 1 £300 -42.86% 1
Wales - 1 £450 -
East of England - 1 £575 -

For the 6 months to 20 April 2018, 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 with a requirement for Solvency II.

1 47 (81.03%) Finance
2 22 (37.93%) GDPR
3 19 (32.76%) Stakeholder Management
3 19 (32.76%) Fixed Income
4 18 (31.03%) MiFID
5 16 (27.59%) Derivative
5 16 (27.59%) Equities
6 15 (25.86%) Front Office
7 14 (24.14%) FATCA
8 12 (20.69%) Migration
9 11 (18.97%) Asset Management
9 11 (18.97%) Analytics
9 11 (18.97%) Target Operating Model
10 10 (17.24%) Business Analysis
10 10 (17.24%) Risk Management
10 10 (17.24%) VBA
11 9 (15.52%) Microsoft Excel
11 9 (15.52%) Banking
11 9 (15.52%) IFRS
12 8 (13.79%) Agile Software Development
12 8 (13.79%) Microsoft
13 7 (12.07%) Management Information System
13 7 (12.07%) Credit Risk
13 7 (12.07%) Risk Analytics
14 6 (10.34%) Python
14 6 (10.34%) C++
15 5 (8.62%) SQL
15 5 (8.62%) Project Management
15 5 (8.62%) Change Management
15 5 (8.62%) Mathematics

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 2 (3.45%) SharePoint
Applications
1 9 (15.52%) Microsoft Excel
2 2 (3.45%) Microsoft Project
3 1 (1.72%) Acrobat
3 1 (1.72%) Microsoft Office
3 1 (1.72%) Microsoft PowerPoint
3 1 (1.72%) MS Visio
3 1 (1.72%) Photoshop
3 1 (1.72%) Spreadsheet
Business Applications
1 3 (5.17%) Summit
2 1 (1.72%) Markit EDM
2 1 (1.72%) MoSes
2 1 (1.72%) Oracle General Ledger
Database & Business Intelligence
1 2 (3.45%) Data Warehouse
2 1 (1.72%) Big Data
2 1 (1.72%) Hadoop
2 1 (1.72%) SQL Server
2 1 (1.72%) SQL Server Integration Services
Development Applications
1 1 (1.72%) ProC
1 1 (1.72%) Team Foundation Server
General
1 47 (81.03%) Finance
2 15 (25.86%) Front Office
3 9 (15.52%) Banking
4 4 (6.90%) Legal
5 2 (3.45%) Investment Banking
5 2 (3.45%) Marketing
6 1 (1.72%) Retail
Job Titles
1 32 (55.17%) Analyst
2 23 (39.66%) Business Analyst
3 11 (18.97%) Investment Management Business Analyst
4 10 (17.24%) Project Manager
5 9 (15.52%) Asset Management Analyst
5 9 (15.52%) Asset Management Business Analyst
6 7 (12.07%) Developer
7 6 (10.34%) GDPR Business Analyst
8 4 (6.90%) C# Developer
8 4 (6.90%) C++ Developer
8 4 (6.90%) C++ Quantitative Developer
8 4 (6.90%) Data Analyst
8 4 (6.90%) Quantitative Developer
8 4 (6.90%) Senior C++ Developer
8 4 (6.90%) Senior C++ Quantitative Developer
8 4 (6.90%) Senior Developer
8 4 (6.90%) Senior Quantitative Developer
8 4 (6.90%) Solvency II Project Manager
9 3 (5.17%) Financial Analyst
9 3 (5.17%) Senior C# Developer
Libraries, Frameworks & Software Standards
1 3 (5.17%) COM
2 1 (1.72%) .NET
2 1 (1.72%) ASP.NET
2 1 (1.72%) Oracle Fusion
2 1 (1.72%) WPF
2 1 (1.72%) XML
Miscellaneous
1 19 (32.76%) Fixed Income
2 16 (27.59%) Derivative
2 16 (27.59%) Equities
3 7 (12.07%) Credit Risk
3 7 (12.07%) Management Information System
4 3 (5.17%) Computer Science
4 3 (5.17%) Hedge funds
4 3 (5.17%) Market Risk
4 3 (5.17%) Reinsurance
5 2 (3.45%) Analytical Skills
6 1 (1.72%) Data Protection Act
6 1 (1.72%) Foreign Exchange (FX)
6 1 (1.72%) SWIFT
Operating Systems
1 3 (5.17%) Linux
1 3 (5.17%) Unix
Processes & Methodologies
1 19 (32.76%) Stakeholder Management
2 12 (20.69%) Migration
3 11 (18.97%) Analytics
3 11 (18.97%) Asset Management
3 11 (18.97%) Target Operating Model
4 10 (17.24%) Business Analysis
4 10 (17.24%) Risk Management
5 8 (13.79%) Agile Software Development
6 7 (12.07%) Risk Analytics
7 5 (8.62%) Change Management
7 5 (8.62%) Data Analysis
7 5 (8.62%) Financial Analysis
7 5 (8.62%) Mathematics
7 5 (8.62%) Problem-Solving
7 5 (8.62%) Project Management
7 5 (8.62%) Waterfall
8 4 (6.90%) Change Control
8 4 (6.90%) Data Protection
8 4 (6.90%) Process Improvement
9 3 (5.17%) Economics
Programming Languages
1 10 (17.24%) VBA
2 6 (10.34%) C++
2 6 (10.34%) Python
3 5 (8.62%) SQL
4 4 (6.90%) C#
4 4 (6.90%) Java
5 3 (5.17%) Shell Script
6 1 (1.72%) C
6 1 (1.72%) JavaScript
6 1 (1.72%) PowerShell
6 1 (1.72%) R
6 1 (1.72%) T-SQL
Qualifications
1 5 (8.62%) Degree
2 3 (5.17%) Computer Science Degree
Quality Assurance & Compliance
1 22 (37.93%) GDPR
2 18 (31.03%) MiFID
3 14 (24.14%) FATCA
4 9 (15.52%) IFRS
5 5 (8.62%) EMIR
6 4 (6.90%) Basel III
6 4 (6.90%) Data Quality
7 1 (1.72%) GAAP
7 1 (1.72%) IFRS 9
7 1 (1.72%) PMO
7 1 (1.72%) QA
7 1 (1.72%) Sarbanes-Oxley
Vendors
1 8 (13.79%) Microsoft
2 3 (5.17%) Calypso
2 3 (5.17%) Murex
2 3 (5.17%) Sophis
3 2 (3.45%) Algorithmics
3 2 (3.45%) Bloomberg
3 2 (3.45%) SAP
4 1 (1.72%) Adobe
4 1 (1.72%) Oracle
4 1 (1.72%) Tagetik