Period
to 23 August 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 August 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 Aug 2017
Same period 2016 Same period 2015
Rank 761 706 611
Rank change year-on-year -55 -95 +78
Contract jobs citing Solvency II 72 177 259
As % of all contract IT jobs advertised in the UK 0.075% 0.16% 0.23%
As % of the Quality Assurance & Compliance category 0.63% 1.46% 1.97%
Number of daily rates quoted 61 148 204
UK median daily rate £550 £525 £500
Median daily rate % change year-on-year +4.76% +5.00% +5.26%
10th Percentile £413 £404 £400
90th Percentile £688 £758 £700
UK excluding London median daily rate £433 £525 £500
% change year-on-year -17.62% +5.00% +10.99%
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 11431 12146 13177
As % of all contract IT jobs advertised in the UK 11.90% 11.23% 11.70%
Number of daily rates quoted 7410 7858 8387
UK median daily rate £440 £413 £400
Median daily rate % change year-on-year +6.67% +3.13% -
10th Percentile £250 £225 £225
90th Percentile £638 £600 £588
UK excluding London median daily rate £395 £375 £375
% change year-on-year +5.33% - +4.17%
Number of hourly rates quoted 372 425 422
UK median hourly rate £22.00 £22.50 £21.53
Median hourly rate % change year-on-year -2.22% +4.53% +7.63%
10th Percentile £11.19 £10.75 £11.00
90th Percentile £50.00 £48.75 £57.22
UK excluding London median hourly rate £22.00 £23.50 £21.53
% change year-on-year -6.38% +9.18% +7.63%

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 August 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 23 August 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 -59 71 £550 +4.76% 6
London -64 58 £550 +4.76% 5
UK excluding London +15 14 £433 -17.62% 1
South East +15 7 £433 -3.89% 1
North of England +62 3 £513 -6.82%
West Midlands +42 2 - -
North West +25 2 £513 -6.82%
Midlands +21 2 - -
Scotland +29 1 £314 -16.27%
East of England -9 1 £425 +30.77%
Yorkshire - 1 - -

For the 6 months to 23 August 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 39 (54.17%) Finance
2 20 (27.78%) SQL
3 13 (18.06%) Project Management
3 13 (18.06%) Microsoft Excel
4 12 (16.67%) Stakeholder Management
4 12 (16.67%) Asset Management
4 12 (16.67%) Business Analysis
4 12 (16.67%) Reinsurance
5 11 (15.28%) MiFID
6 10 (13.89%) Agile Software Development
6 10 (13.89%) Data Warehouse
6 10 (13.89%) SQL Server
7 9 (12.50%) Data Analysis
7 9 (12.50%) GDPR
8 8 (11.11%) EMIR
8 8 (11.11%) Investment Management
8 8 (11.11%) C
8 8 (11.11%) Business Intelligence
8 8 (11.11%) Microsoft
8 8 (11.11%) GAP Analysis
9 7 (9.72%) SQL Server Analysis Services
9 7 (9.72%) Data Protection
10 6 (8.33%) Analytical Skills
10 6 (8.33%) ETL
10 6 (8.33%) SQL Server Reporting Services
10 6 (8.33%) SQL Server Integration Services
11 5 (6.94%) PRINCE2
11 5 (6.94%) T-SQL
11 5 (6.94%) GAAP
11 5 (6.94%) PMO

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 (1.39%) Mule
1 1 (1.39%) Oracle 10gAS
1 1 (1.39%) Oracle Application Server
Applications
1 13 (18.06%) Microsoft Excel
2 2 (2.78%) Microsoft Office
3 1 (1.39%) Microsoft PowerPoint
Business Applications
1 3 (4.17%) Markit EDM
2 1 (1.39%) SAP BPC
Database & Business Intelligence
1 10 (13.89%) Data Warehouse
1 10 (13.89%) SQL Server
2 7 (9.72%) SQL Server Analysis Services
3 6 (8.33%) SQL Server Integration Services
3 6 (8.33%) SQL Server Reporting Services
4 3 (4.17%) Relational Database
5 2 (2.78%) BusinessObjects
5 2 (2.78%) MS Access
5 2 (2.78%) OLAP
6 1 (1.39%) Data Mining
6 1 (1.39%) Essbase
6 1 (1.39%) Microsoft Analysis Services
6 1 (1.39%) Oracle Database
6 1 (1.39%) Oracle Database 10g
6 1 (1.39%) Oracle OLAP
6 1 (1.39%) Oracle9i Database
6 1 (1.39%) Power BI
6 1 (1.39%) QlikView
6 1 (1.39%) RDBMS
Development Applications
1 2 (2.78%) Atlassian Bamboo
1 2 (2.78%) Eclipse
1 2 (2.78%) Visual Studio
2 1 (1.39%) SQL Server Management Studio (SSMS)
2 1 (1.39%) Team Foundation Server
General
1 39 (54.17%) Finance
2 4 (5.56%) Banking
3 3 (4.17%) Front Office
4 2 (2.78%) Legal
4 2 (2.78%) Private Banking
5 1 (1.39%) Investment Banking
5 1 (1.39%) Publishing
5 1 (1.39%) Retail
5 1 (1.39%) Retail Banking
Job Titles
1 37 (51.39%) Analyst
2 27 (37.50%) Business Analyst
3 16 (22.22%) Project Manager
4 10 (13.89%) Insurance Business Analyst
5 9 (12.50%) Solvency II Business Analyst
6 8 (11.11%) Data Analyst
7 6 (8.33%) Data Business Analyst
8 5 (6.94%) Architect
8 5 (6.94%) Developer
8 5 (6.94%) GDPR Business Analyst
8 5 (6.94%) MiFID Business Analyst
8 5 (6.94%) Regulatory Business Analyst
8 5 (6.94%) Solutions Architect
9 4 (5.56%) Investment Management Business Analyst
9 4 (5.56%) SQL Analyst
10 3 (4.17%) Asset Management Analyst
10 3 (4.17%) Asset Management Business Analyst
10 3 (4.17%) Data Warehouse Project Manager
10 3 (4.17%) Reinsurance Project Manager
10 3 (4.17%) SQL Data Analyst
Libraries, Frameworks & Software Standards
1 3 (4.17%) .NET
2 2 (2.78%) .NET Framework
2 2 (2.78%) ASP.NET
2 2 (2.78%) Flask
2 2 (2.78%) jQuery
2 2 (2.78%) Web Services
3 1 (1.39%) CSS
3 1 (1.39%) DHTML
3 1 (1.39%) HTML
3 1 (1.39%) MDX
3 1 (1.39%) WinForms
3 1 (1.39%) XBRL
3 1 (1.39%) XHTML
Miscellaneous
1 12 (16.67%) Reinsurance
2 6 (8.33%) Analytical Skills
3 2 (2.78%) Computer Science
3 2 (2.78%) Data Protection Act
3 2 (2.78%) Data Structures
3 2 (2.78%) Fintech
3 2 (2.78%) Reference Data
4 1 (1.39%) Credit Risk
4 1 (1.39%) Derivative
4 1 (1.39%) Equities
Operating Systems
1 1 (1.39%) HPUX
1 1 (1.39%) Linux
1 1 (1.39%) Red Hat Enterprise Linux
1 1 (1.39%) Unix
1 1 (1.39%) Windows
1 1 (1.39%) Windows Server
1 1 (1.39%) Windows Server 2003
1 1 (1.39%) Windows Server 2008
Processes & Methodologies
1 13 (18.06%) Project Management
2 12 (16.67%) Asset Management
2 12 (16.67%) Business Analysis
2 12 (16.67%) Stakeholder Management
3 10 (13.89%) Agile Software Development
4 9 (12.50%) Data Analysis
5 8 (11.11%) Business Intelligence
5 8 (11.11%) GAP Analysis
5 8 (11.11%) Investment Management
6 7 (9.72%) Data Protection
7 6 (8.33%) ETL
8 5 (6.94%) Performance Management
8 5 (6.94%) PRINCE2
9 4 (5.56%) Change Management
9 4 (5.56%) Data Modelling
9 4 (5.56%) Process Management
9 4 (5.56%) SDLC
9 4 (5.56%) Stakeholder Engagement
9 4 (5.56%) Test Scripting
9 4 (5.56%) Use Case
Programming Languages
1 20 (27.78%) SQL
2 8 (11.11%) C
3 5 (6.94%) T-SQL
4 2 (2.78%) JavaScript
4 2 (2.78%) Python
4 2 (2.78%) VBA
5 1 (1.39%) C#
5 1 (1.39%) PL/SQL
5 1 (1.39%) VB.NET
Qualifications
1 3 (4.17%) Degree
2 2 (2.78%) ISEB
2 2 (2.78%) PRINCE2 Practitioner
Quality Assurance & Compliance
1 11 (15.28%) MiFID
2 9 (12.50%) GDPR
3 8 (11.11%) EMIR
4 5 (6.94%) GAAP
4 5 (6.94%) PMO
5 4 (5.56%) Data Quality
6 3 (4.17%) Dodd-Frank
7 2 (2.78%) AIFMD
7 2 (2.78%) FATCA
7 2 (2.78%) IFRS
7 2 (2.78%) QA
8 1 (1.39%) IFRS 9
8 1 (1.39%) UCITS
System Software
1 1 (1.39%) Docker
1 1 (1.39%) Hyper-V
1 1 (1.39%) VMware Infrastructure
Systems Management
1 1 (1.39%) Oracle RMAN
Vendors
1 8 (11.11%) Microsoft
2 4 (5.56%) SAP
3 3 (4.17%) Bloomberg
3 3 (4.17%) Tagetik
4 2 (2.78%) Remedy
5 1 (1.39%) Anaplan
5 1 (1.39%) Epicor
5 1 (1.39%) Hyperion
5 1 (1.39%) Informatica
5 1 (1.39%) MuleSoft
5 1 (1.39%) Oracle
5 1 (1.39%) PeopleSoft
5 1 (1.39%) Red Hat
5 1 (1.39%) Reuters
5 1 (1.39%) Sage
5 1 (1.39%) Tableau
5 1 (1.39%) VMware