Period
to 5 April 2020

The following table provides summary statistics for permanent job vacancies with a requirement for Solvency II skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Solvency II over the 6 months to 5 April 2020 with a comparison to the same period in the previous 2 years.

Solvency II
UK
6 months to
5 Apr 2020
Same period 2019 Same period 2018
Rank 924 1003 1108
Rank change year-on-year +79 +105 +15
Permanent jobs citing Solvency II 68 120 98
As % of all permanent jobs advertised in the UK 0.058% 0.080% 0.055%
As % of the Quality Assurance & Compliance category 0.48% 0.57% 0.43%
Number of salaries quoted 58 108 92
Median annual salary £60,000 £65,000 £51,750
Median salary % change year-on-year -7.69% +25.60% -13.75%
10th Percentile £53,375 £47,500 £37,750
90th Percentile £107,500 £87,875 £92,875
UK excluding London median annual salary £60,000 £65,000 £42,500
% change year-on-year -7.69% +52.94% -34.62%

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 permanent job vacancies with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
UK
Permanent vacancies with a requirement for quality assurance or compliance skills 14,307 20,884 22,630
As % of all permanent IT jobs advertised in the UK 12.28% 14.00% 12.77%
Number of salaries quoted 10,975 15,168 17,602
Median annual salary £52,500 £50,000 £50,000
Median salary % change year-on-year +5.00% - +5.26%
10th Percentile £28,750 £27,713 £27,500
90th Percentile £85,000 £81,250 £80,000
UK excluding London median annual salary £45,000 £45,000 £44,000
% change year-on-year - +2.27% +7.32%

Solvency II
Job Vacancy Trend

Job postings citing Solvency II as a proportion of all IT jobs advertised.

Job vacancy trend for Solvency II in the UK

Solvency II
Salary Trend

3-month moving average salary quoted in jobs citing Solvency II.

Salary trend for Solvency II in the UK

Solvency II
Salary Histogram

Salary distribution for jobs citing Solvency II over the 6 months to 5 April 2020.

Salary histogram for Solvency II in the UK

Solvency II
Top 10 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Solvency II within the UK over the 6 months to 5 April 2020. 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +64 65 £60,000 -11.11% 5
UK excluding London +151 36 £60,000 -7.69% 3
London +16 32 £68,750 -1.79% 3
North West - 16 £60,000 -
North of England - 16 £60,000 -
Midlands - 9 £60,000 -
West Midlands - 9 £60,000 -
South East +63 8 £105,000 +200.00% 1
Scotland +28 2 £43,000 -33.85% 1
Wales - 1 £47,500 -

For the 6 months to 5 April 2020, IT 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 permanent job ads with a requirement for Solvency II.

1 59 (86.76%) Finance
2 32 (47.06%) Microsoft Excel
3 30 (44.12%) Business Intelligence
3 30 (44.12%) Agile Software Development
4 29 (42.65%) SQL Server Reporting Services
5 26 (38.24%) Power BI
5 26 (38.24%) Power Platform
6 25 (36.76%) Dynamics GP
6 25 (36.76%) Data Warehouse
7 24 (35.29%) Data Analysis
8 23 (33.82%) SQL
8 23 (33.82%) ETL
9 22 (32.35%) Data Modelling
10 20 (29.41%) Storytelling
11 15 (22.06%) SQL Server
12 14 (20.59%) Microsoft
12 14 (20.59%) MiFID
12 14 (20.59%) SDLC
13 13 (19.12%) Project Management
14 12 (17.65%) Change Management
14 12 (17.65%) PRINCE2
14 12 (17.65%) Business Analysis
14 12 (17.65%) GDPR
15 11 (16.18%) SQL Server Integration Services
15 11 (16.18%) T-SQL
16 10 (14.71%) Microsoft Project
16 10 (14.71%) Analytics
17 9 (13.24%) Reinsurance
17 9 (13.24%) Data Protection
17 9 (13.24%) Waterfall

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 9 (13.24%) SAS
2 3 (4.41%) Cloud Foundry
3 2 (2.94%) MS Project Server
4 1 (1.47%) Oracle Workflow
Applications
1 32 (47.06%) Microsoft Excel
2 10 (14.71%) Microsoft Project
3 8 (11.76%) Microsoft PowerPoint
3 8 (11.76%) MS Visio
Business Applications
1 25 (36.76%) Dynamics GP
Cloud Services
1 26 (38.24%) Power Platform
2 3 (4.41%) Amazon EC2
2 3 (4.41%) AWS
2 3 (4.41%) Azure
Database & Business Intelligence
1 29 (42.65%) SQL Server Reporting Services
2 26 (38.24%) Power BI
3 25 (36.76%) Data Warehouse
4 15 (22.06%) SQL Server
5 11 (16.18%) SQL Server Integration Services
6 3 (4.41%) Amazon RDS
6 3 (4.41%) Microsoft Analysis Services
6 3 (4.41%) Oracle BI EE
6 3 (4.41%) SQL Server Analysis Services
7 1 (1.47%) Relational Database
7 1 (1.47%) SQL Server 2008
7 1 (1.47%) SQL Server 2016
Development Applications
1 3 (4.41%) Atlassian Bamboo
1 3 (4.41%) Eclipse
1 3 (4.41%) Git (software)
1 3 (4.41%) Team Foundation Server
2 2 (2.94%) Jenkins
2 2 (2.94%) Octopus Deploy
General
1 59 (86.76%) Finance
2 8 (11.76%) Advertising
3 1 (1.47%) Back Office
3 1 (1.47%) Banking
3 1 (1.47%) Corporate Banking
3 1 (1.47%) Investment Banking
Job Titles
1 41 (60.29%) Analyst
2 25 (36.76%) Business Analyst
3 13 (19.12%) Technical Analyst
3 13 (19.12%) Technical Business Analyst
4 11 (16.18%) Systems Analyst
5 10 (14.71%) Financial Analyst
6 9 (13.24%) Finance Systems Analyst
7 8 (11.76%) Business Systems Analyst
7 8 (11.76%) Programme Manager
7 8 (11.76%) Report Analyst
8 7 (10.29%) Senior Manager
8 7 (10.29%) Senior Programme Manager
9 6 (8.82%) Developer
10 5 (7.35%) Data Analyst
10 5 (7.35%) Project Manager
11 3 (4.41%) Business Intelligence Analyst
11 3 (4.41%) Business Intelligence Data Analyst
11 3 (4.41%) IT Auditor
11 3 (4.41%) Senior Analyst
11 3 (4.41%) Senior IT Auditor
Libraries, Frameworks & Software Standards
1 3 (4.41%) AngularJS
1 3 (4.41%) JSON
1 3 (4.41%) REST
2 2 (2.94%) .NET
2 2 (2.94%) ASP.NET
2 2 (2.94%) HTML
Miscellaneous
1 9 (13.24%) Reinsurance
2 4 (5.88%) Analytical Skills
3 3 (4.41%) Management Information System
3 3 (4.41%) Reference Data
4 1 (1.47%) Data Structures
4 1 (1.47%) Derivative
Processes & Methodologies
1 30 (44.12%) Agile Software Development
1 30 (44.12%) Business Intelligence
2 24 (35.29%) Data Analysis
3 23 (33.82%) ETL
4 22 (32.35%) Data Modelling
5 20 (29.41%) Storytelling
6 14 (20.59%) SDLC
7 13 (19.12%) Project Management
8 12 (17.65%) Business Analysis
8 12 (17.65%) Change Management
8 12 (17.65%) PRINCE2
9 10 (14.71%) Analytics
10 9 (13.24%) Data Protection
10 9 (13.24%) Waterfall
11 8 (11.76%) User Acceptance Testing
11 8 (11.76%) User Stories
12 7 (10.29%) Data Management
12 7 (10.29%) Investment Management
12 7 (10.29%) Software Engineering
13 6 (8.82%) Portfolio Management
Programming Languages
1 23 (33.82%) SQL
2 11 (16.18%) T-SQL
3 5 (7.35%) JavaScript
4 3 (4.41%) Java
Qualifications
1 8 (11.76%) PMP
2 4 (5.88%) CISA
3 3 (4.41%) Degree
3 3 (4.41%) Master's Degree
4 2 (2.94%) APMP
5 1 (1.47%) CISM
5 1 (1.47%) CISSP
Quality Assurance & Compliance
1 14 (20.59%) MiFID
2 12 (17.65%) GDPR
3 8 (11.76%) Data Quality
4 7 (10.29%) EMIR
5 6 (8.82%) Sarbanes-Oxley
6 4 (5.88%) QA
7 3 (4.41%) Basel III
7 3 (4.41%) COBIT
8 2 (2.94%) IFRS
9 1 (1.47%) IFRS 9
System Software
1 3 (4.41%) Docker
2 2 (2.94%) Active Directory
Systems Management
1 2 (2.94%) Opscode Chef
1 2 (2.94%) Puppet
1 2 (2.94%) Salt
Vendors
1 14 (20.59%) Microsoft
2 7 (10.29%) Tableau
3 2 (2.94%) Cognos
4 1 (1.47%) Oracle
4 1 (1.47%) Pega
4 1 (1.47%) Vermilion