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 26 March 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.

3 months to
26 Mar 2017
Same period 2016 Same period 2015
Solvency II
UK
Rank 572 565 472
Rank change year-on-year -7 -93  
Contract jobs citing Solvency II 37 76 151
As % of all contract IT jobs advertised in the UK 0.083% 0.14% 0.28%
As % of the Quality Assurance & Compliance category 0.71% 1.28% 2.38%
Number of daily rates quoted 32 64 113
Median daily rate £550 £505 £500
Median daily rate % change year-on-year +8.91% +1.00%  
90% offered a daily rate of more than £475 £346 £400
10% offered a daily rate of more than £650 £750 £643
UK excluding London median daily rate £625 £700 £500
% change year-on-year -10.71% +40.00%  
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 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 5218 5940 6341
As % of all contract IT job vacancies advertised in the UK 11.67% 11.16% 11.92%
Number of daily rates quoted 3429 3773 3849
Median daily rate £450 £420 £400
Median daily rate % change year-on-year +7.14% +5.00%  
90% offered a daily rate of more than £263 £250 £230
10% offered a daily rate of more than £618 £585 £600
UK excluding London median daily rate £400 £400 £380
% change year-on-year - +5.26%  
Number of hourly rates quoted 160 200 176
Median hourly rate £20.00 £38.75 £27.50
Median hourly rate % change year-on-year -48.38% +40.90%  
90% offered a hourly rate of more than £11.00 £13.00 £11.72
10% offered a hourly rate of more than £52.50 £61.00 £50.50
UK excluding London median hourly rate £19.90 £41.00 £29.00
% change year-on-year -51.46% +41.37%  

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 26 March 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 hourly rates quoted in IT contractor 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 26 March 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 +3 37 £550 +7.84% 4
London +3 27 £550 +13.40% 2
South East +30 7 £625 -1.96% 2
City of London -11 7 £525 +6.32% 1
West Sussex - 2 - -
West Midlands - 2 £625 -
East Sussex +6 1 £625 +19.04%
West End of London - 1 £513 -
Surrey - 1 £425 - 1
Birmingham - 1 - -
Solihull - 1 £625 -
Staines - 1 £425 -
Worthing - 1 - -
Berkshire - 1 £575 -

Solvency II
Top 30 Related IT Skills

For the 6 months to 26 March 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 57 (56.44%) Finance
2 24 (23.76%) Data Warehouse
3 19 (18.81%) Data Modelling
3 19 (18.81%) Data Quality
4 18 (17.82%) Business Intelligence
4 18 (17.82%) Business Analysis
5 14 (13.86%) Banking
6 13 (12.87%) Project Management
6 13 (12.87%) SQL Server Reporting Services
6 13 (12.87%) Data Analysis
7 12 (11.88%) Data Management
7 12 (11.88%) Stakeholder Management
7 12 (11.88%) SQL
7 12 (11.88%) Analytical Skills
8 11 (10.89%) Asset Management
9 10 (9.90%) Data Governance
9 10 (9.90%) MiFID
9 10 (9.90%) Investment Management
10 8 (7.92%) Retail
10 8 (7.92%) Agile Software Development
10 8 (7.92%) SQL Server Integration Services
10 8 (7.92%) Risk Management
10 8 (7.92%) SQL Server
10 8 (7.92%) Sybase
10 8 (7.92%) PRINCE2
10 8 (7.92%) SQL Server Analysis Services
10 8 (7.92%) Data Extraction
11 7 (6.93%) Process Improvement
11 7 (6.93%) UML
11 7 (6.93%) Validation

Solvency II
Top Related 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 4 (3.96%) SharePoint
2 3 (2.97%) BizTalk Server
2 3 (2.97%) Oracle SOA Suite
3 2 (1.98%) Confluence
3 2 (1.98%) SAS
Applications
1 4 (3.96%) MS Visio
Business Applications
1 2 (1.98%) Dynamics AX
1 2 (1.98%) Dynamics CRM
1 2 (1.98%) Markit EDM
2 1 (0.99%) Dynamics GP
Cloud Services
1 2 (1.98%) SaaS
Communications & Networking
1 1 (0.99%) IMAP
Database & Business Intelligence
1 24 (23.76%) Data Warehouse
2 13 (12.87%) SQL Server Reporting Services
3 8 (7.92%) SQL Server
3 8 (7.92%) SQL Server Analysis Services
3 8 (7.92%) SQL Server Integration Services
4 4 (3.96%) Big Data
5 3 (2.97%) Hadoop
6 2 (1.98%) SAS EBI
Development Applications
1 4 (3.96%) JIRA
2 2 (1.98%) Subversion
2 2 (1.98%) Visual Studio
3 1 (0.99%) ERwin
General
1 57 (56.44%) Finance
2 14 (13.86%) Banking
3 8 (7.92%) Retail
4 4 (3.96%) Investment Banking
5 3 (2.97%) Retail Banking
6 2 (1.98%) Front Office
6 2 (1.98%) Private Banking
6 2 (1.98%) Wholesale Banking
7 1 (0.99%) Advertising
7 1 (0.99%) General Ledger
7 1 (0.99%) Legal
Job Titles
1 64 (63.37%) Analyst
2 45 (44.55%) Business Analyst
3 15 (14.85%) Data Analyst
3 15 (14.85%) Solvency II Business Analyst
4 14 (13.86%) Project Manager
5 10 (9.90%) Data Quality Analyst
5 10 (9.90%) Quality Analyst
6 9 (8.91%) Business Intelligence Analyst
6 9 (8.91%) Excel Analyst
6 9 (8.91%) Insurance Business Analyst
7 7 (6.93%) Architect
7 7 (6.93%) Report Analyst
8 6 (5.94%) Business Intelligence Business Analyst
8 6 (5.94%) Data Business Analyst
8 6 (5.94%) Financial Analyst
8 6 (5.94%) Solvency II Project Manager
9 5 (4.95%) Finance Business Analyst
9 5 (4.95%) MiFID Business Analyst
10 4 (3.96%) Service Analyst
10 4 (3.96%) Systems Analyst
Libraries, Frameworks & Software Standards
1 3 (2.97%) Middleware
1 3 (2.97%) SAP PI
2 2 (1.98%) .NET
2 2 (1.98%) ASP.NET
2 2 (1.98%) Flash
3 1 (0.99%) FIX Protocol
3 1 (0.99%) FpML
3 1 (0.99%) MDX
3 1 (0.99%) XML
Miscellaneous
1 12 (11.88%) Analytical Skills
2 5 (4.95%) Management Information System
3 4 (3.96%) Data Structures
3 4 (3.96%) Foreign Exchange (FX)
3 4 (3.96%) Market Risk
3 4 (3.96%) Reference Data
3 4 (3.96%) Reinsurance
4 3 (2.97%) Data Protection Act
4 3 (2.97%) Digital Media
4 3 (2.97%) Enterprise Software
4 3 (2.97%) SCADA
4 3 (2.97%) Social Media
5 2 (1.98%) Algorithms
5 2 (1.98%) Credit Risk
5 2 (1.98%) Derivative
5 2 (1.98%) Equities
5 2 (1.98%) Fixed Income
6 1 (0.99%) Data Centre
6 1 (0.99%) Fintech
Operating Systems
1 2 (1.98%) Unix
Processes & Methodologies
1 19 (18.81%) Data Modelling
2 18 (17.82%) Business Analysis
2 18 (17.82%) Business Intelligence
3 13 (12.87%) Data Analysis
3 13 (12.87%) Project Management
4 12 (11.88%) Data Management
4 12 (11.88%) Stakeholder Management
5 11 (10.89%) Asset Management
6 10 (9.90%) Data Governance
6 10 (9.90%) Investment Management
7 8 (7.92%) Agile Software Development
7 8 (7.92%) Data Extraction
7 8 (7.92%) PRINCE2
7 8 (7.92%) Risk Management
8 7 (6.93%) GAP Analysis
8 7 (6.93%) Process Improvement
8 7 (6.93%) UML
8 7 (6.93%) Validation
9 6 (5.94%) ETL
9 6 (5.94%) User Acceptance Testing
Programming Languages
1 12 (11.88%) SQL
2 6 (5.94%) T-SQL
3 3 (2.97%) VBA
4 2 (1.98%) C#
4 2 (1.98%) C++
4 2 (1.98%) PL/SQL
4 2 (1.98%) Python
4 2 (1.98%) Shell Script
4 2 (1.98%) VB.NET
Qualifications
1 5 (4.95%) Degree
2 3 (2.97%) ISEB
2 3 (2.97%) PMI Certification
2 3 (2.97%) PMP
3 2 (1.98%) IIBA
3 2 (1.98%) PRINCE2 Certification
4 1 (0.99%) AAT
4 1 (0.99%) ACCA
4 1 (0.99%) ISTQB
4 1 (0.99%) ISTQB Foundation Certification
4 1 (0.99%) ITIL Certification
4 1 (0.99%) PRINCE2 Practitioner
Quality Assurance & Compliance
1 19 (18.81%) Data Quality
2 10 (9.90%) MiFID
3 6 (5.94%) IFRS
4 5 (4.95%) EMIR
4 5 (4.95%) Sarbanes-Oxley
5 3 (2.97%) IFRS 9
6 2 (1.98%) AIFMD
6 2 (1.98%) Basel III
6 2 (1.98%) Dodd-Frank
6 2 (1.98%) QA
7 1 (0.99%) Basel II
7 1 (0.99%) FATCA
7 1 (0.99%) ISO20022
7 1 (0.99%) PMO
7 1 (0.99%) UCITS
Vendors
1 8 (7.92%) Sybase
2 4 (3.96%) Microsoft
2 4 (3.96%) SAP
3 3 (2.97%) Cloudera
3 3 (2.97%) Guidewire
3 3 (2.97%) MuleSoft
3 3 (2.97%) Oracle
3 3 (2.97%) Pega
3 3 (2.97%) Tableau
4 2 (1.98%) Algorithmics
4 2 (1.98%) Bloomberg
4 2 (1.98%) Cognos
4 2 (1.98%) Informatica
4 2 (1.98%) Perforce
5 1 (0.99%) Epicor
5 1 (0.99%) Microgen
5 1 (0.99%) Murex
5 1 (0.99%) PeopleSoft
5 1 (0.99%) Sage