Period
to 3 August 2021

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 3 August 2021 with a comparison to the same period in the previous 2 years.

Solvency II
UK
6 months to
3 Aug 2021
Same period 2020 Same period 2019
Rank 941 778 1034
Rank change year-on-year -163 +256 +115
Permanent jobs citing Solvency II 56 18 75
As % of all permanent jobs advertised in the UK 0.049% 0.027% 0.052%
As % of the Quality Assurance & Compliance category 0.34% 0.21% 0.37%
Number of salaries quoted 37 12 71
10th Percentile £51,750 £49,125 £47,500
25th Percentile £61,250 £56,250 £51,250
Median annual salary (50th Percentile) £72,500 £71,250 £55,000
Median % change year-on-year +1.75% +29.55% -25.42%
75th Percentile £77,500 £85,000 £72,500
90th Percentile £89,250 " £82,500
UK excluding London median annual salary £59,000 £60,000 £65,000
% change year-on-year -1.67% -7.69% +62.50%

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 16,371 8,667 20,227
As % of all permanent IT jobs advertised in the UK 14.44% 12.87% 14.03%
Number of salaries quoted 10,151 6,672 15,052
10th Percentile £31,250 £30,025 £28,250
25th Percentile £40,500 £40,000 £37,500
Median annual salary (50th Percentile) £54,000 £52,500 £50,000
Median % change year-on-year +2.86% +5.00% -
75th Percentile £71,250 £70,000 £67,500
90th Percentile £87,500 £85,000 £83,750
UK excluding London median annual salary £47,500 £47,500 £45,000
% change year-on-year - +5.56% -

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 3 August 2021.

Salary histogram for Solvency II in the UK

Solvency II
Top 7 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 3 August 2021. 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 -122 56 £72,500 -6.45% 9
London -104 40 £72,500 -14.71% 7
Work from Home - 18 £66,250 - 1
UK excluding London -125 15 £59,000 -1.67% 2
North of England -54 14 - -
Yorkshire - 14 - -
South East -87 1 £59,000 -23.87% 2

For the 6 months to 3 August 2021, 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 53 (94.64%) Finance
2 26 (46.43%) Microsoft Excel
3 24 (42.86%) Analytical Skills
3 24 (42.86%) IFRS
4 22 (39.29%) Degree
5 21 (37.50%) Analytics
6 20 (35.71%) SQL
7 17 (30.36%) Agile Software Development
8 15 (26.79%) KYC
9 14 (25.00%) Performance Measurement
10 13 (23.21%) Numerate Degree
10 13 (23.21%) Business Analytics
10 13 (23.21%) Economics
10 13 (23.21%) Statistics
10 13 (23.21%) VBA
11 10 (17.86%) Mathematics
12 9 (16.07%) Problem-Solving
12 9 (16.07%) Project Delivery
12 9 (16.07%) Business Analysis
13 8 (14.29%) Migration
13 8 (14.29%) Microsoft
13 8 (14.29%) Social Skills
14 7 (12.50%) Data Protection
15 6 (10.71%) Workflow
15 6 (10.71%) Banking
15 6 (10.71%) Microsoft PowerPoint
16 5 (8.93%) Internet
16 5 (8.93%) C++
16 5 (8.93%) XML
16 5 (8.93%) Python

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:

Applications
1 26 (46.43%) Microsoft Excel
2 6 (10.71%) Microsoft PowerPoint
3 1 (1.79%) Microsoft Office
3 1 (1.79%) Microsoft Project
3 1 (1.79%) MS Visio
3 1 (1.79%) Spreadsheet
Business Applications
1 1 (1.79%) SAP ERP
Cloud Services
1 2 (3.57%) AWS
1 2 (3.57%) Azure
1 2 (3.57%) Microsoft 365
2 1 (1.79%) Dynamics 365
2 1 (1.79%) Power Platform
Communications & Networking
1 5 (8.93%) Internet
2 2 (3.57%) Network Security
Database & Business Intelligence
1 5 (8.93%) Relational Database
2 2 (3.57%) Big Data
2 2 (3.57%) BusinessObjects
2 2 (3.57%) Data Warehouse
3 1 (1.79%) Power BI
3 1 (1.79%) SQL Server Reporting Services
General
1 53 (94.64%) Finance
2 24 (42.86%) Analytical Skills
3 8 (14.29%) Social Skills
4 6 (10.71%) Banking
5 5 (8.93%) Investment Banking
6 2 (3.57%) Telecoms
7 1 (1.79%) Advertising
7 1 (1.79%) General Ledger
7 1 (1.79%) Publishing
Job Titles
1 38 (67.86%) Analyst
2 13 (23.21%) Commercial Analyst
3 12 (21.43%) Business Analyst
4 10 (17.86%) Regulatory Business Analyst
5 9 (16.07%) Risk Analyst
6 8 (14.29%) Business Change Analyst
6 8 (14.29%) Business Change Business Analyst
6 8 (14.29%) Insurance Business Analyst
6 8 (14.29%) Product Analyst
6 8 (14.29%) Product Business Analyst
6 8 (14.29%) Risk Business Analyst
7 7 (12.50%) Actuarial Analyst
7 7 (12.50%) Product Owner
8 6 (10.71%) Data Analyst
9 5 (8.93%) Configuration Analyst
9 5 (8.93%) Excel Analyst
9 5 (8.93%) XML Analyst
10 4 (7.14%) Consultant
11 3 (5.36%) Report Analyst
11 3 (5.36%) Senior Data Analyst
Libraries, Frameworks & Software Standards
1 5 (8.93%) XML
Miscellaneous
1 5 (8.93%) Reinsurance
2 3 (5.36%) Management Information System
3 2 (3.57%) Public Cloud
4 1 (1.79%) Derivative
4 1 (1.79%) Market Risk
Processes & Methodologies
1 21 (37.50%) Analytics
2 17 (30.36%) Agile Software Development
3 15 (26.79%) KYC
4 14 (25.00%) Performance Measurement
5 13 (23.21%) Business Analytics
5 13 (23.21%) Economics
5 13 (23.21%) Statistics
6 10 (17.86%) Mathematics
7 9 (16.07%) Business Analysis
7 9 (16.07%) Problem-Solving
7 9 (16.07%) Project Delivery
8 8 (14.29%) Migration
9 7 (12.50%) Data Protection
10 6 (10.71%) Workflow
11 5 (8.93%) Decision-Making
11 5 (8.93%) System Testing
12 4 (7.14%) Business Intelligence
13 3 (5.36%) Data Modelling
13 3 (5.36%) Investment Management
13 3 (5.36%) Project Management
Programming Languages
1 20 (35.71%) SQL
2 13 (23.21%) VBA
3 5 (8.93%) C++
3 5 (8.93%) Python
3 5 (8.93%) R
4 2 (3.57%) C
Qualifications
1 22 (39.29%) Degree
2 13 (23.21%) Numerate Degree
3 4 (7.14%) ACCA
3 4 (7.14%) CIMA
4 1 (1.79%) PMP
Quality Assurance & Compliance
1 24 (42.86%) IFRS
2 5 (8.93%) MiFID
3 4 (7.14%) Data Quality
4 1 (1.79%) AIFMD
4 1 (1.79%) EMIR
4 1 (1.79%) GDPR
4 1 (1.79%) SLA
4 1 (1.79%) UCITS
System Software
1 2 (3.57%) Active Directory
1 2 (3.57%) Hyper-V
1 2 (3.57%) VMware Infrastructure
1 2 (3.57%) XenApp
Vendors
1 8 (14.29%) Microsoft
2 3 (5.36%) SAP
3 2 (3.57%) Citrix
3 2 (3.57%) VMware
4 1 (1.79%) MicroStrategy
4 1 (1.79%) PeopleSoft
4 1 (1.79%) Vermilion