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 3 months to 22 June 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
3 months to
22 Jun 2017
Same period 2016 Same period 2015
Rank 580 545 510
Rank change year-on-year -35 -35  
Contract jobs citing Solvency II 35 100 133
As % of all contract IT jobs advertised in the UK 0.075% 0.19% 0.24%
As % of the Quality Assurance & Compliance category 0.64% 1.62% 2.04%
Number of daily rates quoted 29 81 99
Median daily rate £525 £525 £500
Median daily rate % change year-on-year - +5.00%  
90% offered a daily rate of more than £425 £425 £400
10% offered a daily rate of more than £700 £675 £700
UK excluding London median daily rate £433 £450 £473
% change year-on-year -3.88% -4.76%  
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 with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
UK
Contract job vacancies with a requirement for quality assurance and compliance skills 5445 6174 6534
As % of all contract IT job vacancies advertised in the UK 11.62% 11.45% 11.62%
Number of daily rates quoted 3504 3977 4198
Median daily rate £450 £413 £400
Median daily rate % change year-on-year +9.09% +3.12%  
90% offered a daily rate of more than £259 £250 £250
10% offered a daily rate of more than £600 £598 £600
UK excluding London median daily rate £400 £380 £375
% change year-on-year +5.26% +1.33%  
Number of hourly rates quoted 179 218 204
Median hourly rate £25.00 £28.00 £24.00
Median hourly rate % change year-on-year -10.71% +16.66%  
90% offered a hourly rate of more than £12.00 £12.50 £12.35
10% offered a hourly rate of more than £47.00 £47.50 £51.30
UK excluding London median hourly rate £25.00 £28.50 £25.00
% change year-on-year -12.28% +14.00%  

Solvency II
Job Vacancy Trend

The job posting trend of jobs advertised 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 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 3 months to 22 June 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 14 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 3 months to 22 June 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
England -14 35 £525 - 3
London -37 28 £550 +1.85% 3
South East +15 4 £433 -3.88%
City of London -35 3 £500 -8.25% 1
Brighton - 3 £433 -
East Sussex - 3 £433 -
North West +24 1 £475 -
West Midlands - 1 - -
Manchester - 1 £475 -
Yorkshire - 1 - -
West Yorkshire - 1 - -
Kent - 1 £375 -
Bradford - 1 - -
Birmingham - 1 - -

For the 6 months to 22 June 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 44 (57.89%) Finance
2 19 (25.00%) Data Warehouse
3 18 (23.68%) Project Management
4 16 (21.05%) SQL
5 14 (18.42%) Business Analysis
6 13 (17.11%) Stakeholder Management
7 12 (15.79%) Agile Software Development
7 12 (15.79%) Data Analysis
7 12 (15.79%) MiFID
8 10 (13.16%) Banking
8 10 (13.16%) Asset Management
8 10 (13.16%) Business Intelligence
9 9 (11.84%) GAP Analysis
9 9 (11.84%) Investment Management
10 8 (10.53%) Analytical Skills
10 8 (10.53%) ETL
10 8 (10.53%) SQL Server
10 8 (10.53%) Microsoft Excel
11 7 (9.21%) PRINCE2
11 7 (9.21%) SAP
11 7 (9.21%) Data Quality
11 7 (9.21%) Data Protection
11 7 (9.21%) Reinsurance
11 7 (9.21%) GDPR
12 6 (7.89%) SQL Server Reporting Services
12 6 (7.89%) SQL Server Integration Services
12 6 (7.89%) Analytics
12 6 (7.89%) SQL Server Analysis Services
12 6 (7.89%) EMIR
12 6 (7.89%) Retail

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 3 (3.95%) BizTalk Server
1 3 (3.95%) Oracle SOA Suite
2 2 (2.63%) Confluence
2 2 (2.63%) SharePoint
3 1 (1.32%) Mule
3 1 (1.32%) Oracle 10gAS
3 1 (1.32%) Oracle Application Server
3 1 (1.32%) SAS
Applications
1 8 (10.53%) Microsoft Excel
2 2 (2.63%) MS Visio
3 1 (1.32%) Microsoft Office
3 1 (1.32%) Microsoft PowerPoint
Business Applications
1 3 (3.95%) Markit EDM
2 1 (1.32%) SAP BPC
Cloud Services
1 2 (2.63%) SaaS
Database & Business Intelligence
1 19 (25.00%) Data Warehouse
2 8 (10.53%) SQL Server
3 6 (7.89%) SQL Server Analysis Services
3 6 (7.89%) SQL Server Integration Services
3 6 (7.89%) SQL Server Reporting Services
4 2 (2.63%) Big Data
4 2 (2.63%) BusinessObjects
4 2 (2.63%) MS Access
4 2 (2.63%) OLAP
5 1 (1.32%) Essbase
5 1 (1.32%) Hadoop
5 1 (1.32%) Oracle Database
5 1 (1.32%) Oracle Database 10g
5 1 (1.32%) Oracle OLAP
5 1 (1.32%) Oracle9i Database
5 1 (1.32%) Power BI
5 1 (1.32%) RDBMS
5 1 (1.32%) Relational Database
5 1 (1.32%) SAS EBI
Development Applications
1 4 (5.26%) JIRA
2 2 (2.63%) Subversion
2 2 (2.63%) Visual Studio
3 1 (1.32%) ERwin
3 1 (1.32%) XMLSpy
General
1 44 (57.89%) Finance
2 10 (13.16%) Banking
3 6 (7.89%) Retail
4 3 (3.95%) Front Office
4 3 (3.95%) Private Banking
5 2 (2.63%) Investment Banking
6 1 (1.32%) General Ledger
6 1 (1.32%) Legal
6 1 (1.32%) Retail Banking
Job Titles
1 38 (50.00%) Analyst
2 29 (38.16%) Business Analyst
3 20 (26.32%) Project Manager
4 11 (14.47%) Solvency II Business Analyst
5 10 (13.16%) Insurance Business Analyst
6 9 (11.84%) Architect
7 8 (10.53%) Data Analyst
8 7 (9.21%) Solutions Architect
9 6 (7.89%) Data Business Analyst
9 6 (7.89%) MiFID Business Analyst
10 5 (6.58%) Investment Management Business Analyst
10 5 (6.58%) Regulatory Business Analyst
11 4 (5.26%) Solvency II Project Manager
12 3 (3.95%) Data Warehouse Manager
12 3 (3.95%) Data Warehouse Project Manager
12 3 (3.95%) Excel Analyst
12 3 (3.95%) Financial Analyst
12 3 (3.95%) Senior Architect
12 3 (3.95%) Senior Solutions Architect
12 3 (3.95%) SQL Data Analyst
Libraries, Frameworks & Software Standards
1 3 (3.95%) .NET
1 3 (3.95%) ASP.NET
1 3 (3.95%) Middleware
1 3 (3.95%) SAP PI
2 2 (2.63%) Flash
3 1 (1.32%) .NET Framework
3 1 (1.32%) CSS
3 1 (1.32%) DHTML
3 1 (1.32%) FIX Protocol
3 1 (1.32%) FpML
3 1 (1.32%) HTML
3 1 (1.32%) MDX
3 1 (1.32%) WinForms
3 1 (1.32%) XBRL
3 1 (1.32%) XHTML
3 1 (1.32%) XML
Miscellaneous
1 8 (10.53%) Analytical Skills
2 7 (9.21%) Reinsurance
3 4 (5.26%) Data Structures
3 4 (5.26%) Foreign Exchange (FX)
3 4 (5.26%) Management Information System
4 3 (3.95%) Derivative
4 3 (3.95%) Digital Media
4 3 (3.95%) Enterprise Software
4 3 (3.95%) Fintech
4 3 (3.95%) SCADA
4 3 (3.95%) Social Media
5 2 (2.63%) Algorithms
5 2 (2.63%) Data Protection Act
5 2 (2.63%) Equities
5 2 (2.63%) Market Risk
5 2 (2.63%) Reference Data
6 1 (1.32%) Credit Risk
6 1 (1.32%) Fixed Income
Operating Systems
1 3 (3.95%) Unix
2 1 (1.32%) HPUX
2 1 (1.32%) Linux
2 1 (1.32%) Red Hat Enterprise Linux
2 1 (1.32%) Windows
2 1 (1.32%) Windows Server
2 1 (1.32%) Windows Server 2003
2 1 (1.32%) Windows Server 2008
Processes & Methodologies
1 18 (23.68%) Project Management
2 14 (18.42%) Business Analysis
3 13 (17.11%) Stakeholder Management
4 12 (15.79%) Agile Software Development
4 12 (15.79%) Data Analysis
5 10 (13.16%) Asset Management
5 10 (13.16%) Business Intelligence
6 9 (11.84%) GAP Analysis
6 9 (11.84%) Investment Management
7 8 (10.53%) ETL
8 7 (9.21%) Data Protection
8 7 (9.21%) PRINCE2
9 6 (7.89%) Analytics
9 6 (7.89%) Data Modelling
10 5 (6.58%) Risk Management
10 5 (6.58%) Stakeholder Engagement
11 4 (5.26%) SDLC
11 4 (5.26%) Test Scripting
11 4 (5.26%) Use Case
11 4 (5.26%) Waterfall
Programming Languages
1 16 (21.05%) SQL
2 5 (6.58%) T-SQL
3 4 (5.26%) C
4 3 (3.95%) PL/SQL
4 3 (3.95%) VBA
5 2 (2.63%) C++
5 2 (2.63%) Python
5 2 (2.63%) Shell Script
5 2 (2.63%) VB.NET
6 1 (1.32%) C#
Qualifications
1 3 (3.95%) Degree
1 3 (3.95%) PMI Certification
1 3 (3.95%) PMP
1 3 (3.95%) PRINCE2 Practitioner
2 2 (2.63%) PRINCE2 Certification
3 1 (1.32%) ISEB
Quality Assurance & Compliance
1 12 (15.79%) MiFID
2 7 (9.21%) Data Quality
2 7 (9.21%) GDPR
3 6 (7.89%) EMIR
4 5 (6.58%) GAAP
4 5 (6.58%) PMO
5 4 (5.26%) Dodd-Frank
6 3 (3.95%) AIFMD
6 3 (3.95%) IFRS
7 2 (2.63%) QA
7 2 (2.63%) Sarbanes-Oxley
8 1 (1.32%) FATCA
8 1 (1.32%) IFRS 9
8 1 (1.32%) ISO 20022
8 1 (1.32%) UCITS
System Software
1 1 (1.32%) Docker
1 1 (1.32%) Hyper-V
1 1 (1.32%) VMware Infrastructure
Systems Management
1 1 (1.32%) Oracle RMAN
Vendors
1 7 (9.21%) SAP
2 6 (7.89%) Microsoft
3 4 (5.26%) MuleSoft
3 4 (5.26%) Oracle
4 3 (3.95%) Guidewire
4 3 (3.95%) Pega
4 3 (3.95%) Tagetik
5 2 (2.63%) Algorithmics
5 2 (2.63%) Bloomberg
5 2 (2.63%) Informatica
5 2 (2.63%) Perforce
5 2 (2.63%) Remedy
6 1 (1.32%) Cognos
6 1 (1.32%) Epicor
6 1 (1.32%) Hyperion
6 1 (1.32%) Murex
6 1 (1.32%) PeopleSoft
6 1 (1.32%) Red Hat
6 1 (1.32%) Sage
6 1 (1.32%) VMware
London
Spring Technology
Posted: 2 days ago