Period
to 5 July 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 July 2020 with a comparison to the same period in the previous 2 years.

Solvency II
UK
6 months to
5 Jul 2020
Same period 2019 Same period 2018
Rank 817 1023 1143
Rank change year-on-year +206 +120 0
Permanent jobs citing Solvency II 30 89 82
As % of all permanent jobs advertised in the UK 0.038% 0.060% 0.046%
As % of the Quality Assurance & Compliance category 0.31% 0.44% 0.36%
Number of salaries quoted 24 78 78
Median annual salary £62,500 £56,250 £55,000
Median salary % change year-on-year +11.11% +2.27% -13.73%
10th Percentile £53,400 £45,400 £37,750
90th Percentile £85,000 £82,500 £93,750
UK excluding London median annual salary £60,000 £65,000 £45,000
% change year-on-year -7.69% +44.44% -29.41%

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 9,628 20,240 23,048
As % of all permanent IT jobs advertised in the UK 12.21% 13.74% 12.95%
Number of salaries quoted 7,328 14,846 17,668
Median annual salary £52,500 £50,000 £50,000
Median salary % change year-on-year +5.00% - +5.26%
10th Percentile £30,000 £28,000 £28,000
90th Percentile £85,000 £83,750 £80,000
UK excluding London median annual salary £47,500 £45,000 £45,000
% change year-on-year +5.56% - +8.43%

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 July 2020.

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 5 July 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 +214 29 £65,000 +18.18% 7
London +100 21 £80,000 +45.45% 7
UK excluding London +236 9 £60,000 -7.69% 2
North of England - 6 £60,000 -
North West - 6 £60,000 -
South East +160 2 £77,500 +121.43%
Wales - 1 £47,500 -

For the 6 months to 5 July 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 22 (73.33%) Finance
2 13 (43.33%) Business Intelligence
3 11 (36.67%) Microsoft Excel
4 10 (33.33%) Agile Software Development
5 9 (30.00%) Data Warehouse
5 9 (30.00%) SQL
5 9 (30.00%) ETL
5 9 (30.00%) Data Analysis
5 9 (30.00%) Power BI
5 9 (30.00%) Power Platform
6 8 (26.67%) Data Quality
6 8 (26.67%) Analytics
6 8 (26.67%) Data Modelling
6 8 (26.67%) SQL Server Reporting Services
7 7 (23.33%) Business Analysis
8 6 (20.00%) Data Management
8 6 (20.00%) SAS
8 6 (20.00%) Project Management
8 6 (20.00%) Dynamics GP
8 6 (20.00%) Tableau
8 6 (20.00%) Storytelling
9 5 (16.67%) Investment Management
9 5 (16.67%) MiFID
9 5 (16.67%) GDPR
9 5 (16.67%) PRINCE2
9 5 (16.67%) Stakeholder Management
9 5 (16.67%) Asset Management
10 4 (13.33%) T-SQL
10 4 (13.33%) SQL Server
10 4 (13.33%) Microsoft Project

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 6 (20.00%) SAS
2 3 (10.00%) MS Project Server
3 1 (3.33%) Oracle Workflow
Applications
1 11 (36.67%) Microsoft Excel
2 4 (13.33%) Microsoft Project
3 1 (3.33%) Microsoft PowerPoint
3 1 (3.33%) MS Visio
Business Applications
1 6 (20.00%) Dynamics GP
Cloud Services
1 9 (30.00%) Power Platform
Database & Business Intelligence
1 9 (30.00%) Data Warehouse
1 9 (30.00%) Power BI
2 8 (26.67%) SQL Server Reporting Services
3 4 (13.33%) SQL Server
4 3 (10.00%) Microsoft Analysis Services
4 3 (10.00%) Oracle BI EE
4 3 (10.00%) SQL Server Analysis Services
5 2 (6.67%) QualityStage
6 1 (3.33%) Relational Database
6 1 (3.33%) SQL Server Integration Services
Development Applications
1 3 (10.00%) Eclipse
General
1 22 (73.33%) Finance
2 1 (3.33%) Advertising
2 1 (3.33%) Back Office
Job Titles
1 16 (53.33%) Analyst
2 9 (30.00%) Business Analyst
3 6 (20.00%) Report Analyst
4 5 (16.67%) Data Analyst
4 5 (16.67%) Project Manager
5 3 (10.00%) Business Intelligence Analyst
5 3 (10.00%) Business Intelligence Data Analyst
5 3 (10.00%) Business Intelligence Manager
5 3 (10.00%) Business Intelligence Project Manager
6 2 (6.67%) Applications Support
6 2 (6.67%) Auditor
6 2 (6.67%) Data Manager
6 2 (6.67%) Insurance Business Analyst
6 2 (6.67%) IT Auditor
6 2 (6.67%) Senior Auditor
6 2 (6.67%) Senior IT Auditor
6 2 (6.67%) Solvency II Business Analyst
6 2 (6.67%) Systems Analyst
7 1 (3.33%) Consultant
7 1 (3.33%) Senior Consultant
Miscellaneous
1 3 (10.00%) Reference Data
2 2 (6.67%) Analytical Skills
2 2 (6.67%) Management Information System
2 2 (6.67%) Reinsurance
3 1 (3.33%) Data Structures
Processes & Methodologies
1 13 (43.33%) Business Intelligence
2 10 (33.33%) Agile Software Development
3 9 (30.00%) Data Analysis
3 9 (30.00%) ETL
4 8 (26.67%) Analytics
4 8 (26.67%) Data Modelling
5 7 (23.33%) Business Analysis
6 6 (20.00%) Data Management
6 6 (20.00%) Project Management
6 6 (20.00%) Storytelling
7 5 (16.67%) Asset Management
7 5 (16.67%) Investment Management
7 5 (16.67%) PRINCE2
7 5 (16.67%) Stakeholder Management
8 4 (13.33%) Master Data Management
8 4 (13.33%) SDLC
9 3 (10.00%) Coaching
9 3 (10.00%) Data Cleansing
9 3 (10.00%) Metadata Management
9 3 (10.00%) Project Planning
Programming Languages
1 9 (30.00%) SQL
2 4 (13.33%) T-SQL
Qualifications
1 3 (10.00%) APMP
1 3 (10.00%) CISA
2 2 (6.67%) Degree
2 2 (6.67%) Master's Degree
3 1 (3.33%) CISM
3 1 (3.33%) CISSP
3 1 (3.33%) PMP
Quality Assurance & Compliance
1 8 (26.67%) Data Quality
2 5 (16.67%) GDPR
2 5 (16.67%) MiFID
3 3 (10.00%) Sarbanes-Oxley
4 2 (6.67%) Basel III
4 2 (6.67%) COBIT
5 1 (3.33%) IFRS
5 1 (3.33%) IFRS 9
Vendors
1 6 (20.00%) Tableau
2 3 (10.00%) Microsoft
3 2 (6.67%) IBM
3 2 (6.67%) Informatica
3 2 (6.67%) Talend
3 2 (6.67%) Trillium
4 1 (3.33%) Oracle
4 1 (3.33%) Pega
4 1 (3.33%) Vermilion