Period
to 17 February 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 17 February 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
17 Feb 2018
Same period 2017 Same period 2016
Rank 779 718 700
Rank change year-on-year -61 -18 -58
Contract jobs citing Solvency II 79 124 186
As % of all contract IT jobs advertised in the UK 0.079% 0.13% 0.17%
As % of the Quality Assurance & Compliance category 0.61% 1.11% 1.44%
Number of daily rates quoted 62 107 173
UK median daily rate £550 £510 £525
Median daily rate % change year-on-year +7.84% -2.86% +5.00%
10th Percentile £429 £370 £336
90th Percentile £725 £700 £700
UK excluding London median daily rate £475 £525 £625
% change year-on-year -9.52% -16.00% +25.00%
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 13,044 11,195 12,901
As % of all contract IT jobs advertised in the UK 12.97% 11.67% 11.95%
Number of daily rates quoted 8,534 7,330 8,086
UK median daily rate £450 £425 £400
Median daily rate % change year-on-year +5.88% +6.25% -
10th Percentile £258 £225 £230
90th Percentile £630 £625 £588
UK excluding London median daily rate £400 £400 £379
% change year-on-year - +5.61% +3.91%
Number of hourly rates quoted 363 395 469
UK median hourly rate £21.79 £21.50 £25.00
Median hourly rate % change year-on-year +1.35% -14.00% +25.00%
10th Percentile £12.00 £10.93 £11.33
90th Percentile £57.00 £48.75 £53.75
UK excluding London median hourly rate £24.00 £21.98 £25.25
% change year-on-year +9.22% -12.97% +26.25%

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 17 February 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 10 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 17 February 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 -76 64 £550 +6.28% 11
London -79 58 £550 +10.00% 5
UK excluding London +13 20 £475 -9.52% 8
Scotland -1 14 £475 - 1
Midlands +7 3 - - 1
West Midlands +7 3 - - 1
North of England +26 1 - - 1
East of England -23 1 £575 +91.67%
Channel Islands - 1 £575 -
North West - 1 - -

For the 6 months to 17 February 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 52 (65.82%) Finance
2 29 (36.71%) GDPR
3 24 (30.38%) MiFID
4 19 (24.05%) Stakeholder Management
5 17 (21.52%) Fixed Income
6 16 (20.25%) Business Analysis
7 15 (18.99%) Asset Management
7 15 (18.99%) Front Office
7 15 (18.99%) FATCA
8 14 (17.72%) Equities
8 14 (17.72%) Derivative
9 13 (16.46%) SQL
10 12 (15.19%) Microsoft Excel
10 12 (15.19%) Risk Management
10 12 (15.19%) Analytics
11 11 (13.92%) EMIR
11 11 (13.92%) Migration
12 10 (12.66%) Banking
12 10 (12.66%) Target Operating Model
12 10 (12.66%) Data Governance
12 10 (12.66%) Data Protection
13 9 (11.39%) Project Management
13 9 (11.39%) Python
13 9 (11.39%) Business Intelligence
13 9 (11.39%) VBA
14 8 (10.13%) Microsoft
14 8 (10.13%) Agile Software Development
14 8 (10.13%) SQL Server Integration Services
14 8 (10.13%) Risk Analytics
14 8 (10.13%) SQL Server Analysis Services

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 (2.53%) SharePoint
Applications
1 12 (15.19%) Microsoft Excel
2 4 (5.06%) Microsoft Project
3 3 (3.80%) Microsoft PowerPoint
3 3 (3.80%) MS Visio
4 1 (1.27%) Microsoft Office
Business Applications
1 3 (3.80%) Summit
2 2 (2.53%) Markit EDM
Communications & Networking
1 1 (1.27%) IMAP
Database & Business Intelligence
1 8 (10.13%) SQL Server Analysis Services
1 8 (10.13%) SQL Server Integration Services
2 6 (7.59%) SQL Server
3 5 (6.33%) Data Warehouse
4 4 (5.06%) SQL Server Reporting Services
5 1 (1.27%) Big Data
5 1 (1.27%) Hadoop
5 1 (1.27%) Relational Database
Development Applications
1 1 (1.27%) Atlassian Bamboo
1 1 (1.27%) Eclipse
1 1 (1.27%) ProC
1 1 (1.27%) PyCharm
General
1 52 (65.82%) Finance
2 15 (18.99%) Front Office
3 10 (12.66%) Banking
4 4 (5.06%) Legal
5 3 (3.80%) Retail Banking
6 2 (2.53%) Investment Banking
6 2 (2.53%) Law
6 2 (2.53%) Marketing
7 1 (1.27%) Retail
Job Titles
1 39 (49.37%) Analyst
2 28 (35.44%) Business Analyst
3 18 (22.78%) Project Manager
4 13 (16.46%) Developer
5 11 (13.92%) Investment Management Business Analyst
6 9 (11.39%) GDPR Business Analyst
7 8 (10.13%) Asset Management Analyst
7 8 (10.13%) Asset Management Business Analyst
8 7 (8.86%) Business Intelligence Developer
8 7 (8.86%) Data Analyst
9 6 (7.59%) Solvency II Project Manager
10 5 (6.33%) Data Business Analyst
10 5 (6.33%) Senior Developer
10 5 (6.33%) SQL Developer
11 4 (5.06%) C++ Developer
11 4 (5.06%) C++ Quantitative Developer
11 4 (5.06%) Quantitative Developer
11 4 (5.06%) Senior C++ Developer
11 4 (5.06%) Senior Quantitative Developer
11 4 (5.06%) SQL BI Developer
Libraries, Frameworks & Software Standards
1 3 (3.80%) COM
2 2 (2.53%) MDX
3 1 (1.27%) Flask
3 1 (1.27%) jQuery
3 1 (1.27%) Web Services
3 1 (1.27%) XML
Miscellaneous
1 17 (21.52%) Fixed Income
2 14 (17.72%) Derivative
2 14 (17.72%) Equities
3 7 (8.86%) Management Information System
4 6 (7.59%) Credit Risk
5 5 (6.33%) Reinsurance
6 4 (5.06%) Analytical Skills
7 3 (3.80%) Computer Science
7 3 (3.80%) Data Protection Act
7 3 (3.80%) Hedge funds
7 3 (3.80%) Market Risk
8 1 (1.27%) IBM Mainframe
8 1 (1.27%) Mainframe
Operating Systems
1 3 (3.80%) Linux
2 2 (2.53%) Unix
Processes & Methodologies
1 19 (24.05%) Stakeholder Management
2 16 (20.25%) Business Analysis
3 15 (18.99%) Asset Management
4 12 (15.19%) Analytics
4 12 (15.19%) Risk Management
5 11 (13.92%) Migration
6 10 (12.66%) Data Governance
6 10 (12.66%) Data Protection
6 10 (12.66%) Target Operating Model
7 9 (11.39%) Business Intelligence
7 9 (11.39%) Project Management
8 8 (10.13%) Agile Software Development
8 8 (10.13%) Risk Analytics
9 7 (8.86%) Data Analysis
9 7 (8.86%) Mathematics
10 6 (7.59%) Change Management
10 6 (7.59%) Process Improvement
11 5 (6.33%) Investment Management
11 5 (6.33%) Validation
11 5 (6.33%) Waterfall
Programming Languages
1 13 (16.46%) SQL
2 9 (11.39%) Python
2 9 (11.39%) VBA
3 5 (6.33%) C++
4 3 (3.80%) C#
4 3 (3.80%) Java
5 2 (2.53%) Shell Script
6 1 (1.27%) C
6 1 (1.27%) JavaScript
6 1 (1.27%) T-SQL
Qualifications
1 5 (6.33%) Degree
2 2 (2.53%) Computer Science Degree
2 2 (2.53%) PMP
Quality Assurance & Compliance
1 29 (36.71%) GDPR
2 24 (30.38%) MiFID
3 15 (18.99%) FATCA
4 11 (13.92%) EMIR
5 6 (7.59%) Data Quality
5 6 (7.59%) IFRS
6 5 (6.33%) Dodd-Frank
7 4 (5.06%) Basel II
7 4 (5.06%) Basel III
8 3 (3.80%) Sarbanes-Oxley
9 1 (1.27%) GAAP
9 1 (1.27%) IFRS 9
9 1 (1.27%) PMO
9 1 (1.27%) QA
Vendors
1 8 (10.13%) Microsoft
2 3 (3.80%) Calypso
2 3 (3.80%) Murex
2 3 (3.80%) Sophis
3 2 (2.53%) Algorithmics
3 2 (2.53%) Bloomberg
3 2 (2.53%) Guidewire
3 2 (2.53%) SAP
4 1 (1.27%) IBM
4 1 (1.27%) Tagetik