Period
to 30 September 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 30 September 2020 with a comparison to the same period in the previous 2 years.

Solvency II
UK
6 months to
30 Sep 2020
Same period 2019 Same period 2018
Rank 659 1026 1077
Rank change year-on-year +367 +51 +61
Permanent jobs citing Solvency II 14 64 97
As % of all permanent jobs advertised in the UK 0.029% 0.046% 0.059%
As % of the Quality Assurance & Compliance category 0.24% 0.35% 0.45%
Number of salaries quoted 11 59 85
Median annual salary £48,500 £65,000 £75,000
Median salary % change year-on-year -25.38% -13.33% +13.21%
10th Percentile £41,750 £47,500 £53,000
90th Percentile £71,250 £107,500 £93,750
UK excluding London median annual salary £40,000 £65,000 £60,000
% change year-on-year -38.46% +8.33% +41.18%

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 5,752 18,535 21,585
As % of all permanent IT jobs advertised in the UK 11.94% 13.30% 13.14%
Number of salaries quoted 4,452 13,726 16,405
Median annual salary £55,000 £50,000 £50,000
Median salary % change year-on-year +10.00% - -
10th Percentile £31,250 £28,000 £28,500
90th Percentile £86,250 £82,500 £80,000
UK excluding London median annual salary £50,000 £45,000 £45,000
% change year-on-year +11.11% - +5.88%

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 30 September 2020.

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 30 September 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 +352 14 £48,500 -22.40% 14
London +249 13 £48,500 -19.17% 13
UK excluding London +309 1 £40,000 -38.46% 4
North of England - 1 £40,000 - 1
North West - 1 £40,000 - 1

For the 6 months to 30 September 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 12 (85.71%) Finance
2 10 (71.43%) Microsoft
3 9 (64.29%) Degree
3 9 (64.29%) Computer Science
3 9 (64.29%) Analytical Skills
4 8 (57.14%) Problem-Solving
4 8 (57.14%) Workflow
5 7 (50.00%) Mathematics
5 7 (50.00%) Data Protection
6 3 (21.43%) Reinsurance
6 3 (21.43%) Internal Audit
6 3 (21.43%) IT Audit
6 3 (21.43%) Project Management
6 3 (21.43%) Risk Management
7 2 (14.29%) Management Information System
7 2 (14.29%) Legal
7 2 (14.29%) Microsoft PowerPoint
7 2 (14.29%) Informatica
7 2 (14.29%) QualityStage
7 2 (14.29%) CISA
7 2 (14.29%) Microsoft Excel
7 2 (14.29%) SAS
7 2 (14.29%) Trillium
7 2 (14.29%) Microsoft Office
7 2 (14.29%) IBM
7 2 (14.29%) Strategic Roadmap
7 2 (14.29%) Attestation
7 2 (14.29%) French Language
7 2 (14.29%) German Language
7 2 (14.29%) Spanish Language

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 2 (14.29%) SAS
2 1 (7.14%) MS Project Server
Applications
1 2 (14.29%) Microsoft Excel
1 2 (14.29%) Microsoft Office
1 2 (14.29%) Microsoft PowerPoint
2 1 (7.14%) Microsoft Project
Database & Business Intelligence
1 2 (14.29%) QualityStage
General
1 12 (85.71%) Finance
2 2 (14.29%) French Language
2 2 (14.29%) German Language
2 2 (14.29%) Legal
2 2 (14.29%) Spanish Language
3 1 (7.14%) Back Office
3 1 (7.14%) Financial Institution
Job Titles
1 8 (57.14%) Analyst
2 7 (50.00%) Configuration Analyst
3 1 (7.14%) Business Intelligence Manager
3 1 (7.14%) Business Intelligence Project Manager
3 1 (7.14%) Consultant
3 1 (7.14%) Data Analyst
3 1 (7.14%) Data Quality Analyst
3 1 (7.14%) Head of Technology
3 1 (7.14%) Project Manager
3 1 (7.14%) Quality Analyst
3 1 (7.14%) Risk Consultant
3 1 (7.14%) Senior Consultant
Miscellaneous
1 9 (64.29%) Analytical Skills
2 3 (21.43%) Reinsurance
3 2 (14.29%) Management Information System
4 1 (7.14%) Robotics
Processes & Methodologies
1 9 (64.29%) Computer Science
2 8 (57.14%) Problem-Solving
2 8 (57.14%) Workflow
3 7 (50.00%) Data Protection
3 7 (50.00%) Mathematics
4 3 (21.43%) Internal Audit
4 3 (21.43%) IT Audit
4 3 (21.43%) Project Management
4 3 (21.43%) Risk Management
5 2 (14.29%) Attestation
5 2 (14.29%) Critical Success Factor
5 2 (14.29%) Root Cause Analysis
5 2 (14.29%) Strategic Roadmap
6 1 (7.14%) Analytics
6 1 (7.14%) Dashboard Development
6 1 (7.14%) Data Science
6 1 (7.14%) Infrastructure Management
6 1 (7.14%) Robotic Process Automation
6 1 (7.14%) SDLC
6 1 (7.14%) Security Auditing
Qualifications
1 9 (64.29%) Degree
2 2 (14.29%) CISA
3 1 (7.14%) APMP
Quality Assurance & Compliance
1 2 (14.29%) Data Quality
2 1 (7.14%) IFRS
2 1 (7.14%) ITGC
Vendors
1 10 (71.43%) Microsoft
2 2 (14.29%) IBM
2 2 (14.29%) Informatica
2 2 (14.29%) Talend
2 2 (14.29%) Trillium