Period
to 23 October 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 23 October 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
23 Oct 2017
Same period 2016 Same period 2015
Rank 790 709 669
Rank change year-on-year -81 -40 +3
Contract jobs citing Solvency II 92 176 232
As % of all contract IT jobs advertised in the UK 0.092% 0.17% 0.20%
As % of the Quality Assurance & Compliance category 0.74% 1.46% 1.71%
Number of daily rates quoted 77 145 199
UK median daily rate £550 £500 £525
Median daily rate % change year-on-year +10.00% -4.76% +10.53%
10th Percentile £415 £378 £388
90th Percentile £707 £675 £700
UK excluding London median daily rate £429 £450 £525
% change year-on-year -4.72% -14.29% +10.53%
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 12432 12085 13545
As % of all contract IT jobs advertised in the UK 12.41% 11.47% 11.89%
Number of daily rates quoted 8153 7807 8654
UK median daily rate £438 £415 £400
Median daily rate % change year-on-year +5.42% +3.75% -
10th Percentile £256 £225 £230
90th Percentile £631 £600 £588
UK excluding London median daily rate £400 £380 £380
% change year-on-year +5.26% - +4.83%
Number of hourly rates quoted 364 445 468
UK median hourly rate £20.00 £22.84 £21.55
Median hourly rate % change year-on-year -12.42% +5.96% +10.51%
10th Percentile £10.61 £10.50 £11.00
90th Percentile £47.50 £47.50 £51.25
UK excluding London median hourly rate £20.00 £25.00 £21.55
% change year-on-year -20.00% +16.01% +10.51%

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 23 October 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 12 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 23 October 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 -68 87 £550 +10.00% 4
London -59 76 £550 +4.76% 4
UK excluding London +16 15 £429 -4.72%
North of England +63 4 £513 -6.82%
West Midlands +33 4 - -
Midlands +30 4 - -
Scotland +10 4 £425 -39.29%
North West +22 3 £513 -6.82%
South East -12 1 £433 +1.76%
East of England -27 1 £425 +36.00%
Channel Islands - 1 £575 -
Yorkshire - 1 - -

For the 6 months to 23 October 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 46 (50.00%) Finance
2 25 (27.17%) SQL
3 18 (19.57%) Microsoft Excel
3 18 (19.57%) GDPR
4 16 (17.39%) MiFID
5 15 (16.30%) Asset Management
6 14 (15.22%) Business Intelligence
7 13 (14.13%) SQL Server
7 13 (14.13%) Business Analysis
7 13 (14.13%) SQL Server Analysis Services
7 13 (14.13%) Reinsurance
8 12 (13.04%) EMIR
8 12 (13.04%) Data Protection
8 12 (13.04%) Stakeholder Management
8 12 (13.04%) SQL Server Integration Services
8 12 (13.04%) Project Management
9 10 (10.87%) Data Analysis
9 10 (10.87%) Data Warehouse
9 10 (10.87%) Data Governance
9 10 (10.87%) Investment Management
10 8 (8.70%) SQL Server Reporting Services
10 8 (8.70%) C
10 8 (8.70%) Microsoft
10 8 (8.70%) Dodd-Frank
11 7 (7.61%) Analytical Skills
11 7 (7.61%) Analytics
11 7 (7.61%) Agile Software Development
12 6 (6.52%) GAP Analysis
12 6 (6.52%) Data Quality
13 5 (5.43%) Performance Management

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 (1.09%) Mule
1 1 (1.09%) Oracle 10gAS
1 1 (1.09%) Oracle Application Server
Applications
1 18 (19.57%) Microsoft Excel
2 3 (3.26%) Microsoft PowerPoint
3 2 (2.17%) Microsoft Office
3 2 (2.17%) Microsoft Project
3 2 (2.17%) MS Visio
Business Applications
1 4 (4.35%) Markit EDM
2 1 (1.09%) SAP BPC
Communications & Networking
1 1 (1.09%) IMAP
Database & Business Intelligence
1 13 (14.13%) SQL Server
1 13 (14.13%) SQL Server Analysis Services
2 12 (13.04%) SQL Server Integration Services
3 10 (10.87%) Data Warehouse
4 8 (8.70%) SQL Server Reporting Services
5 3 (3.26%) Relational Database
6 2 (2.17%) BusinessObjects
6 2 (2.17%) MS Access
6 2 (2.17%) OLAP
7 1 (1.09%) Data Mining
7 1 (1.09%) Essbase
7 1 (1.09%) Microsoft Analysis Services
7 1 (1.09%) Oracle Database
7 1 (1.09%) Oracle Database 10g
7 1 (1.09%) Oracle OLAP
7 1 (1.09%) Oracle9i Database
7 1 (1.09%) Power BI
7 1 (1.09%) QlikView
7 1 (1.09%) RDBMS
Development Applications
1 3 (3.26%) Eclipse
2 2 (2.17%) Atlassian Bamboo
2 2 (2.17%) PyCharm
2 2 (2.17%) Visual Studio
3 1 (1.09%) SQL Server Management Studio (SSMS)
3 1 (1.09%) Team Foundation Server
General
1 46 (50.00%) Finance
2 4 (4.35%) Banking
2 4 (4.35%) Front Office
2 4 (4.35%) Legal
3 3 (3.26%) Retail Banking
4 2 (2.17%) Law
4 2 (2.17%) Private Banking
5 1 (1.09%) Publishing
Job Titles
1 41 (44.57%) Analyst
2 29 (31.52%) Business Analyst
3 20 (21.74%) Project Manager
4 13 (14.13%) Developer
5 11 (11.96%) Data Analyst
6 9 (9.78%) Business Intelligence Developer
6 9 (9.78%) Insurance Business Analyst
7 8 (8.70%) Data Business Analyst
7 8 (8.70%) GDPR Business Analyst
8 6 (6.52%) Architect
8 6 (6.52%) Solutions Architect
8 6 (6.52%) Solvency II Business Analyst
8 6 (6.52%) SQL Developer
9 5 (5.43%) Business Intelligence Analyst
9 5 (5.43%) Investment Management Business Analyst
9 5 (5.43%) Solvency II Project Manager
9 5 (5.43%) SQL Analyst
10 4 (4.35%) Consultant
10 4 (4.35%) MiFID Business Analyst
10 4 (4.35%) SQL BI Developer
Libraries, Frameworks & Software Standards
1 3 (3.26%) .NET
1 3 (3.26%) MDX
2 2 (2.17%) .NET Framework
2 2 (2.17%) ASP.NET
2 2 (2.17%) Flask
2 2 (2.17%) jQuery
2 2 (2.17%) Web Services
3 1 (1.09%) CSS
3 1 (1.09%) DHTML
3 1 (1.09%) HTML
3 1 (1.09%) WinForms
3 1 (1.09%) XBRL
3 1 (1.09%) XHTML
Miscellaneous
1 13 (14.13%) Reinsurance
2 7 (7.61%) Analytical Skills
3 3 (3.26%) Data Protection Act
4 2 (2.17%) Computer Science
4 2 (2.17%) Fintech
4 2 (2.17%) Reference Data
5 1 (1.09%) Credit Risk
5 1 (1.09%) Data Structures
5 1 (1.09%) Derivative
5 1 (1.09%) Equities
5 1 (1.09%) IBM Mainframe
5 1 (1.09%) Mainframe
Operating Systems
1 1 (1.09%) HPUX
1 1 (1.09%) Linux
1 1 (1.09%) Red Hat Enterprise Linux
1 1 (1.09%) Unix
1 1 (1.09%) Windows
1 1 (1.09%) Windows Server
1 1 (1.09%) Windows Server 2003
1 1 (1.09%) Windows Server 2008
Processes & Methodologies
1 15 (16.30%) Asset Management
2 14 (15.22%) Business Intelligence
3 13 (14.13%) Business Analysis
4 12 (13.04%) Data Protection
4 12 (13.04%) Project Management
4 12 (13.04%) Stakeholder Management
5 10 (10.87%) Data Analysis
5 10 (10.87%) Data Governance
5 10 (10.87%) Investment Management
6 7 (7.61%) Agile Software Development
6 7 (7.61%) Analytics
7 6 (6.52%) GAP Analysis
8 5 (5.43%) ETL
8 5 (5.43%) Mathematics
8 5 (5.43%) Performance Management
8 5 (5.43%) Risk Management
8 5 (5.43%) SDLC
8 5 (5.43%) Statistics
9 4 (4.35%) Data Privacy
9 4 (4.35%) Resource Management
Programming Languages
1 25 (27.17%) SQL
2 8 (8.70%) C
3 5 (5.43%) Python
4 4 (4.35%) T-SQL
5 2 (2.17%) JavaScript
5 2 (2.17%) VBA
6 1 (1.09%) C#
6 1 (1.09%) PL/SQL
6 1 (1.09%) VB.NET
Qualifications
1 3 (3.26%) Degree
2 2 (2.17%) PMP
3 1 (1.09%) ISEB
3 1 (1.09%) PRINCE2 Practitioner
Quality Assurance & Compliance
1 18 (19.57%) GDPR
2 16 (17.39%) MiFID
3 12 (13.04%) EMIR
4 8 (8.70%) Dodd-Frank
5 6 (6.52%) Data Quality
6 5 (5.43%) GAAP
6 5 (5.43%) PMO
7 4 (4.35%) Basel II
8 3 (3.26%) FATCA
8 3 (3.26%) Sarbanes-Oxley
9 2 (2.17%) AIFMD
9 2 (2.17%) QA
10 1 (1.09%) IFRS
10 1 (1.09%) UCITS
System Software
1 1 (1.09%) Docker
1 1 (1.09%) Hyper-V
1 1 (1.09%) VMware Infrastructure
Systems Management
1 1 (1.09%) Oracle RMAN
Vendors
1 8 (8.70%) Microsoft
2 3 (3.26%) Bloomberg
2 3 (3.26%) SAP
2 3 (3.26%) Tagetik
3 2 (2.17%) Guidewire
3 2 (2.17%) Remedy
4 1 (1.09%) Anaplan
4 1 (1.09%) Hyperion
4 1 (1.09%) IBM
4 1 (1.09%) Informatica
4 1 (1.09%) MuleSoft
4 1 (1.09%) Oracle
4 1 (1.09%) Red Hat
4 1 (1.09%) Reuters
4 1 (1.09%) Tableau
4 1 (1.09%) VMware