Period
to 15 January 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 15 January 2021 with a comparison to the same period in the previous 2 years.

Solvency II
UK
6 months to
15 Jan 2021
Same period 2020 Same period 2019
Rank 730 951 997
Rank change year-on-year +221 +46 +114
Permanent jobs citing Solvency II 15 78 130
As % of all permanent jobs advertised in the UK 0.024% 0.062% 0.086%
As % of the Quality Assurance & Compliance category 0.20% 0.49% 0.62%
Number of salaries quoted 15 68 123
Median annual salary £48,500 £60,000 £70,000
Median salary % change year-on-year -19.17% -14.29% +14.29%
10th Percentile £41,750 £53,750 £52,500
90th Percentile £73,875 £109,000 £91,250
UK excluding London median annual salary £40,000 £60,000 -
% change year-on-year -33.33% - -

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 7,484 15,888 20,939
As % of all permanent IT jobs advertised in the UK 11.98% 12.57% 13.85%
Number of salaries quoted 5,578 12,337 15,577
Median annual salary £52,500 £51,000 £50,000
Median salary % change year-on-year +2.94% +2.00% -
10th Percentile £30,740 £28,500 £27,500
90th Percentile £83,750 £83,750 £80,000
UK excluding London median annual salary £47,500 £45,000 £45,000
% change year-on-year +5.56% - +4.65%

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 15 January 2021.

Salary histogram for Solvency II in the UK

Solvency II
Top 5 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 15 January 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 +219 15 £48,500 -20.49% 13
London +171 14 £51,750 -23.05% 13
UK excluding London +163 1 £40,000 -33.33%
North of England +86 1 £40,000 -33.33%
North West +73 1 £40,000 -33.33%

For the 6 months to 15 January 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 13 (86.67%) Finance
2 10 (66.67%) Microsoft
2 10 (66.67%) Degree
2 10 (66.67%) Computer Science
3 8 (53.33%) Analytical Skills
4 7 (46.67%) Data Protection
4 7 (46.67%) Mathematics
4 7 (46.67%) Problem-Solving
4 7 (46.67%) Workflow
5 4 (26.67%) Microsoft Office
5 4 (26.67%) Microsoft Excel
5 4 (26.67%) Risk Management
5 4 (26.67%) Internal Audit
5 4 (26.67%) IT Audit
6 3 (20.00%) Reinsurance
6 3 (20.00%) IFRS
6 3 (20.00%) Legal
6 3 (20.00%) CISA
6 3 (20.00%) Management Information System
6 3 (20.00%) Microsoft PowerPoint
6 3 (20.00%) French Language
6 3 (20.00%) German Language
6 3 (20.00%) Spanish Language
7 2 (13.33%) Oracle Fusion
7 2 (13.33%) MiFID
7 2 (13.33%) Data Analysis
7 2 (13.33%) Financial Institution
7 2 (13.33%) Oracle
7 2 (13.33%) Feasibility Study
7 2 (13.33%) GDPR

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 4 (26.67%) Microsoft Excel
1 4 (26.67%) Microsoft Office
2 3 (20.00%) Microsoft PowerPoint
Business Applications
1 1 (6.67%) Oracle General Ledger
1 1 (6.67%) Payment Gateway
General
1 13 (86.67%) Finance
2 3 (20.00%) French Language
2 3 (20.00%) German Language
2 3 (20.00%) Legal
2 3 (20.00%) Spanish Language
3 2 (13.33%) Financial Institution
4 1 (6.67%) Back Office
4 1 (6.67%) General Ledger
Job Titles
1 9 (60.00%) Analyst
2 7 (46.67%) Configuration Analyst
3 2 (13.33%) Business Analyst
3 2 (13.33%) Regulatory Business Analyst
4 1 (6.67%) Accountant
4 1 (6.67%) Consultant
4 1 (6.67%) Risk Consultant
4 1 (6.67%) Senior Consultant
4 1 (6.67%) Systems Accountant
Libraries, Frameworks & Software Standards
1 2 (13.33%) Oracle Fusion
Miscellaneous
1 8 (53.33%) Analytical Skills
2 3 (20.00%) Management Information System
2 3 (20.00%) Reinsurance
3 1 (6.67%) Robotics
Processes & Methodologies
1 10 (66.67%) Computer Science
2 7 (46.67%) Data Protection
2 7 (46.67%) Mathematics
2 7 (46.67%) Problem-Solving
2 7 (46.67%) Workflow
3 4 (26.67%) Internal Audit
3 4 (26.67%) IT Audit
3 4 (26.67%) Risk Management
4 2 (13.33%) Data Analysis
4 2 (13.33%) Feasibility Study
4 2 (13.33%) Requirements Gathering
5 1 (6.67%) Continuous Improvement
5 1 (6.67%) Data Extraction
5 1 (6.67%) Data Management
5 1 (6.67%) ERP
5 1 (6.67%) Information Security
5 1 (6.67%) Master Data Management
5 1 (6.67%) Project Management
5 1 (6.67%) Robotic Process Automation
5 1 (6.67%) Security Auditing
Programming Languages
1 1 (6.67%) SQL
Qualifications
1 10 (66.67%) Degree
2 3 (20.00%) CISA
Quality Assurance & Compliance
1 3 (20.00%) IFRS
2 2 (13.33%) GDPR
2 2 (13.33%) MiFID
3 1 (6.67%) ITGC
Vendors
1 10 (66.67%) Microsoft
2 2 (13.33%) Oracle
3 1 (6.67%) Hyperion