Period
to 8 May 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 8 May 2021 with a comparison to the same period in the previous 2 years.

Solvency II
UK
6 months to
8 May 2021
Same period 2020 Same period 2019
Rank 842 899 1009
Rank change year-on-year +57 +110 +105
Permanent jobs citing Solvency II 34 51 102
As % of all permanent jobs advertised in the UK 0.038% 0.051% 0.070%
As % of the Quality Assurance & Compliance category 0.31% 0.41% 0.49%
Number of salaries quoted 19 38 89
10th Percentile £42,500 £51,375 £46,250
25th Percentile £53,375 £57,500 £51,250
Median annual salary (50th Percentile) £65,000 £60,000 £65,000
Median % change year-on-year +8.33% -7.69% +23.81%
75th Percentile £75,938 £85,000 £77,500
90th Percentile £83,750 £107,500 £82,500
UK excluding London median annual salary - £60,000 £65,000
% change year-on-year - -7.69% +44.44%

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 10,962 12,394 20,640
As % of all permanent IT jobs advertised in the UK 12.37% 12.37% 14.14%
Number of salaries quoted 7,558 9,592 15,057
10th Percentile £31,250 £29,000 £27,750
25th Percentile £40,500 £37,500 £37,500
Median annual salary (50th Percentile) £52,500 £52,500 £50,000
Median % change year-on-year - +5.00% -
75th Percentile £70,000 £70,000 £67,500
90th Percentile £85,000 £85,000 £82,500
UK excluding London median annual salary £47,500 £47,000 £45,000
% change year-on-year +1.06% +4.44% -

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 8 May 2021.

Salary histogram for Solvency II in the UK

Solvency II
Top 6 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 8 May 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 +65 34 £65,000 +8.33% 14
London +66 17 £60,250 -26.97% 13
Work from Home - 15 £72,500 -
UK excluding London +46 14 - - 3
North of England +12 14 - - 1
Yorkshire - 14 - - 1

For the 6 months to 8 May 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 31 (91.18%) Finance
2 22 (64.71%) Microsoft Excel
3 17 (50.00%) Degree
3 17 (50.00%) Analytical Skills
4 16 (47.06%) Analytics
5 15 (44.12%) SQL
6 13 (38.24%) VBA
6 13 (38.24%) Statistics
6 13 (38.24%) Economics
6 13 (38.24%) Business Analytics
6 13 (38.24%) Numerate Degree
6 13 (38.24%) Performance Measurement
7 9 (26.47%) GDPR
7 9 (26.47%) Social Skills
8 7 (20.59%) Management Information System
9 6 (17.65%) MiFID
9 6 (17.65%) Microsoft PowerPoint
9 6 (17.65%) IFRS
10 5 (14.71%) Risk Management
10 5 (14.71%) Microsoft
11 4 (11.76%) Project Management
11 4 (11.76%) Information Security Management
11 4 (11.76%) Security Management
11 4 (11.76%) Information Security
11 4 (11.76%) Problem-Solving
11 4 (11.76%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
11 4 (11.76%) ISO/IEC 27001
11 4 (11.76%) Mathematics
11 4 (11.76%) ISMS
12 3 (8.82%) Data Protection

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 22 (64.71%) Microsoft Excel
2 6 (17.65%) Microsoft PowerPoint
3 3 (8.82%) Microsoft Project
3 3 (8.82%) MS Visio
4 1 (2.94%) Microsoft Office
4 1 (2.94%) Spreadsheet
Business Applications
1 1 (2.94%) Payment Gateway
Cloud Services
1 1 (2.94%) AWS
1 1 (2.94%) Azure
1 1 (2.94%) Dynamics 365
1 1 (2.94%) Microsoft 365
1 1 (2.94%) Power Platform
Communications & Networking
1 2 (5.88%) Internet
2 1 (2.94%) Network Security
Database & Business Intelligence
1 2 (5.88%) Relational Database
2 1 (2.94%) BusinessObjects
2 1 (2.94%) Power BI
2 1 (2.94%) SQL Server Reporting Services
General
1 31 (91.18%) Finance
2 17 (50.00%) Analytical Skills
3 9 (26.47%) Social Skills
4 3 (8.82%) Advertising
5 2 (5.88%) Banking
5 2 (5.88%) Investment Banking
6 1 (2.94%) French Language
6 1 (2.94%) General Ledger
6 1 (2.94%) German Language
6 1 (2.94%) Legal
6 1 (2.94%) Publishing
6 1 (2.94%) Spanish Language
6 1 (2.94%) Telecoms
Job Titles
1 25 (73.53%) Analyst
2 13 (38.24%) Commercial Analyst
3 4 (11.76%) Actuarial Analyst
3 4 (11.76%) Business Analyst
3 4 (11.76%) Financial Analyst
3 4 (11.76%) Risk Analyst
4 3 (8.82%) Change Manager
4 3 (8.82%) Information Analyst
4 3 (8.82%) Information Risk Analyst
4 3 (8.82%) Information Security Analyst
4 3 (8.82%) Security Analyst
4 3 (8.82%) Security Risk Analyst
5 2 (5.88%) Change Project Manager
5 2 (5.88%) Configuration Analyst
5 2 (5.88%) Excel Analyst
5 2 (5.88%) Project Change Manager
5 2 (5.88%) Project Manager
5 2 (5.88%) Regulatory Business Analyst
5 2 (5.88%) XML Analyst
6 1 (2.94%) Chief Operating Officer
Libraries, Frameworks & Software Standards
1 2 (5.88%) XML
2 1 (2.94%) Oracle Fusion
Miscellaneous
1 7 (20.59%) Management Information System
2 1 (2.94%) Public Cloud
2 1 (2.94%) Reinsurance
Processes & Methodologies
1 16 (47.06%) Analytics
2 13 (38.24%) Business Analytics
2 13 (38.24%) Economics
2 13 (38.24%) Performance Measurement
2 13 (38.24%) Statistics
3 5 (14.71%) Risk Management
4 4 (11.76%) Information Security
4 4 (11.76%) Information Security Management
4 4 (11.76%) ISMS
4 4 (11.76%) Mathematics
4 4 (11.76%) Problem-Solving
4 4 (11.76%) Project Management
4 4 (11.76%) Security Management
5 3 (8.82%) Agile Software Development
5 3 (8.82%) Data Protection
5 3 (8.82%) Matrix Management
5 3 (8.82%) Matrix Organization
5 3 (8.82%) PRINCE2
5 3 (8.82%) Waterfall
5 3 (8.82%) Workflow
Programming Languages
1 15 (44.12%) SQL
2 13 (38.24%) VBA
3 2 (5.88%) C++
3 2 (5.88%) Python
3 2 (5.88%) R
Qualifications
1 17 (50.00%) Degree
2 13 (38.24%) Numerate Degree
3 3 (8.82%) PMP
4 1 (2.94%) ACCA
4 1 (2.94%) CIMA
4 1 (2.94%) CISA
Quality Assurance & Compliance
1 9 (26.47%) GDPR
2 6 (17.65%) IFRS
2 6 (17.65%) MiFID
3 4 (11.76%) ISO/IEC 27001
3 4 (11.76%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
4 3 (8.82%) EMIR
5 1 (2.94%) AIFMD
5 1 (2.94%) Data Quality
5 1 (2.94%) UCITS
System Software
1 1 (2.94%) Active Directory
1 1 (2.94%) Hyper-V
1 1 (2.94%) VMware Infrastructure
1 1 (2.94%) XenApp
Vendors
1 5 (14.71%) Microsoft
2 1 (2.94%) Citrix
2 1 (2.94%) Hyperion
2 1 (2.94%) MicroStrategy
2 1 (2.94%) Oracle
2 1 (2.94%) SAP
2 1 (2.94%) Vermilion
2 1 (2.94%) VMware