Period
to 21 July 2019

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 21 July 2019 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
21 Jul 2019
Same period 2018 Same period 2017
Rank 808 842 794
Rank change year-on-year +34 -48 -57
Contract jobs citing Solvency II 41 55 68
As % of all contract IT jobs advertised in the UK 0.044% 0.053% 0.071%
As % of the Quality Assurance & Compliance category 0.43% 0.45% 0.60%
Number of daily rates quoted 38 48 58
UK median daily rate £525 £525 £550
Median daily rate % change year-on-year - -4.55% +4.76%
10th Percentile £416 £420 £415
90th Percentile £700 £725 £725
UK excluding London median daily rate £538 £475 £433
% change year-on-year +13.16% +9.83% -17.62%
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 9,589 12,098 11,291
As % of all contract IT jobs advertised in the UK 10.38% 11.61% 11.77%
Number of daily rates quoted 5,932 7,721 7,311
UK median daily rate £450 £450 £440
Median daily rate % change year-on-year - +2.27% +7.32%
10th Percentile £240 £250 £250
90th Percentile £638 £638 £625
UK excluding London median daily rate £421 £400 £400
% change year-on-year +5.25% - +6.67%
Number of hourly rates quoted 415 397 371
UK median hourly rate £22.75 £23.00 £20.00
Median hourly rate % change year-on-year -1.09% +15.00% -11.11%
10th Percentile £11.00 £11.50 £11.00
90th Percentile £53.00 £53.15 £52.50
UK excluding London median hourly rate £25.12 £22.40 £19.25
% change year-on-year +12.14% +16.36% -14.44%

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 21 July 2019.

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 5 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 21 July 2019. 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 +54 40 £525 -4.55% 11
London +42 37 £525 -4.55% 10
UK excluding London +23 4 £538 +13.16% 1
South East +24 3 £550 +83.33% 1
Scotland +25 1 £525 +10.53%

For the 6 months to 21 July 2019, 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 35 (85.37%) Finance
2 20 (48.78%) IFRS
3 16 (39.02%) Agile Software Development
4 12 (29.27%) SQL
4 12 (29.27%) GDPR
5 11 (26.83%) Business Intelligence
5 11 (26.83%) Stakeholder Management
5 11 (26.83%) Analytics
6 10 (24.39%) Reinsurance
7 9 (21.95%) SQL Server
7 9 (21.95%) Microsoft Excel
8 8 (19.51%) Data Warehouse
8 8 (19.51%) SAS
8 8 (19.51%) Project Management
8 8 (19.51%) Data Governance
8 8 (19.51%) Data Integration
9 7 (17.07%) Business Analytics
9 7 (17.07%) Waterfall
9 7 (17.07%) ETL
10 6 (14.63%) ERP
10 6 (14.63%) Risk Management
10 6 (14.63%) Data Enrichment
11 5 (12.20%) Analytical Skills
11 5 (12.20%) Banking
11 5 (12.20%) Oracle
11 5 (12.20%) Computer Science
12 4 (9.76%) Data Analysis
12 4 (9.76%) Statistics
12 4 (9.76%) Data Architecture
12 4 (9.76%) Basel III

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 8 (19.51%) SAS
2 1 (2.44%) Cloud Foundry
Applications
1 9 (21.95%) Microsoft Excel
2 1 (2.44%) Microsoft PowerPoint
2 1 (2.44%) Microsoft Project
2 1 (2.44%) MS Visio
Business Applications
1 2 (4.88%) Oracle General Ledger
2 1 (2.44%) HFM
2 1 (2.44%) Markit EDM
Cloud Services
1 2 (4.88%) Microsoft Azure
2 1 (2.44%) Amazon AWS
2 1 (2.44%) Amazon EC2
2 1 (2.44%) AWS Fargate
2 1 (2.44%) Power Platform
Database & Business Intelligence
1 9 (21.95%) SQL Server
2 8 (19.51%) Data Warehouse
3 4 (9.76%) Relational Database
3 4 (9.76%) SAS Visual Analytics
4 3 (7.32%) Crystal Reports
4 3 (7.32%) QlikView
5 1 (2.44%) Amazon RDS
5 1 (2.44%) Data Mining
5 1 (2.44%) Microsoft Analysis Services
5 1 (2.44%) Power BI
5 1 (2.44%) SQL Server Analysis Services
5 1 (2.44%) SQL Server Integration Services
Development Applications
1 1 (2.44%) Atlassian Bamboo
1 1 (2.44%) Eclipse
1 1 (2.44%) Git (software)
1 1 (2.44%) Oracle Forms
1 1 (2.44%) Team Foundation Server
General
1 35 (85.37%) Finance
2 5 (12.20%) Banking
3 2 (4.88%) General Ledger
4 1 (2.44%) Advertising
4 1 (2.44%) Front Office
4 1 (2.44%) Retail
Job Titles
1 18 (43.90%) Analyst
2 10 (24.39%) Business Analyst
3 9 (21.95%) Project Manager
4 8 (19.51%) Data Analyst
5 6 (14.63%) Technical Analyst
6 5 (12.20%) Insurance Business Analyst
7 4 (9.76%) Developer
8 3 (7.32%) Technical Business Analyst
9 2 (4.88%) Architect
9 2 (4.88%) Change Manager
9 2 (4.88%) Change Project Manager
9 2 (4.88%) Operational Risk Manager
9 2 (4.88%) Project Change Manager
9 2 (4.88%) Risk Manager
9 2 (4.88%) SAS Architect
9 2 (4.88%) SAS Developer
9 2 (4.88%) Senior Manager
9 2 (4.88%) Solutions Architect
9 2 (4.88%) SQL Analyst
10 1 (2.44%) Accountant
Libraries, Frameworks & Software Standards
1 3 (7.32%) XML
2 2 (4.88%) Oracle Fusion
3 1 (2.44%) AngularJS
3 1 (2.44%) JSON
3 1 (2.44%) REST
Miscellaneous
1 10 (24.39%) Reinsurance
2 5 (12.20%) Analytical Skills
3 1 (2.44%) Derivative
3 1 (2.44%) Equities
3 1 (2.44%) Fixed Income
3 1 (2.44%) Greenfield Project
3 1 (2.44%) Management Information System
Operating Systems
1 1 (2.44%) Windows
Processes & Methodologies
1 16 (39.02%) Agile Software Development
2 11 (26.83%) Analytics
2 11 (26.83%) Business Intelligence
2 11 (26.83%) Stakeholder Management
3 8 (19.51%) Data Governance
3 8 (19.51%) Data Integration
3 8 (19.51%) Project Management
4 7 (17.07%) Business Analytics
4 7 (17.07%) ETL
4 7 (17.07%) Waterfall
5 6 (14.63%) Data Enrichment
5 6 (14.63%) ERP
5 6 (14.63%) Risk Management
6 5 (12.20%) Computer Science
7 4 (9.76%) Data Analysis
7 4 (9.76%) Data Architecture
7 4 (9.76%) Mathematics
7 4 (9.76%) Statistics
7 4 (9.76%) Visual Analytics
7 4 (9.76%) Visualisation
Programming Languages
1 12 (29.27%) SQL
2 3 (7.32%) C
3 2 (4.88%) T-SQL
3 2 (4.88%) VBA
4 1 (2.44%) Data Analysis Expressions (DAX)
4 1 (2.44%) Java
4 1 (2.44%) JavaScript
4 1 (2.44%) VB
Qualifications
1 4 (9.76%) Degree
2 1 (2.44%) ACCA
Quality Assurance & Compliance
1 20 (48.78%) IFRS
2 12 (29.27%) GDPR
3 4 (9.76%) Basel III
3 4 (9.76%) IFRS 9
4 3 (7.32%) GAAP
5 2 (4.88%) Data Quality
5 2 (4.88%) FATCA
6 1 (2.44%) MiFID
6 1 (2.44%) Sarbanes-Oxley
System Software
1 1 (2.44%) Docker
Systems Management
1 1 (2.44%) Kubernetes
Vendors
1 5 (12.20%) Oracle
2 3 (7.32%) Microsoft
3 2 (4.88%) SAP
4 1 (2.44%) Bloomberg
4 1 (2.44%) Hyperion
4 1 (2.44%) MEDITECH