Ready for an exciting challenge? How about getting involved in leading global change on the RICS Standards and Regulation Board’s Valuation Assurance Committee?

The Standards and Regulatory Board (SRB) have instructed that a committee be created as a direct result of Peter Pereira Gray’s 2022 Valuations Review. The purpose of the new Valuation Assurance Committee is to ensure the implementation of the recommendations laid out in the review and oversee the regulatory quality assurance framework for the 16,000+ RICS Registered Valuers that undertake property valuation services globally.

You will be part of a committee comprised of a recently appointed Independent Chair, up to 4 RICS Valuers, and up to 4 Non-Valuer/Independent Members. As a Member of RICS, you are already highly engaged in the Valuations space, understand the importance of regulatory compliance and risks in valuations, the reach it has across other sectors, and how financial markets rely on valuers’ findings.

Your current valuation experience, coupled with your depth of knowledge and understanding of the sector, will enable you to inspire stakeholder and public confidence in RICS as a professional body whilst working closely with RICS staff to develop the strategic direction of the regulatory assurance regime and standards and professional development function.

The Committee will meet regularly, as directed by the Chair, at least four times a year. You’ll support the SRB in operating independently from the interests of members, ensuring the delivery of its functions within the broader institution. This may involve engagement with RICS members and external stakeholders, including the Bank of England, Financial Conduct Authority, Financial Reporting Council, Prudential Regulation Authority, government departments, and investor bodies. 

Key requirements of the role include:

  • (Desirable) Demonstrable success as a Board or Committee Member in a Non-Executive position.
  • An understanding of valuation processes, and their importance in market and economic contexts.
  • A deep understanding of RICS professional standards and regulatory assurance.
  • The ability to inspire trust and uphold high standards of integrity and professionalism.

The full role description and person specification can be found here.

This really is a unique chance to join a committee created to ensure the highest standards in property valuation services worldwide. Your expertise will directly influence the integrity and trust in RICS Valuations,impacting stakeholders and regulatory bodies globally.

Key Information

  • It is anticipated the Committee will meet approximately 4 times a year (virtually) with provision for one ‘in-person’ meeting per annum (usually to take place in either London or Birmingham, UK). Some global travel may be required.
  • As a RICS member, in accordance with RICS Governance policy, this role is not remunerated.
  • The anticipated time commitment is approximately 10 days per annum.
  • You will be eligible to claim reasonable travel and subsistence expenses in accordance with the current RICS policy.
  • The maximum term of an appointment will be three years. There may be no more than two successive terms of appointment, up to a maximum of six years.
  • Closing date for applications is 17:00 (BST) on Monday 2 September 2024.
  • A panel interview will take place in the week commencing 9 September 2024; this interview will be via MS Teams.
  • The full role description and person specification can be accessed here.
  • The Valuation Assurance Committee Terms of Reference can be found here.
  • Everyone who applies will receive a response week commencing 2 September 2024.

The Application Process

This recruitment is facilitated by our external partner, Michelle Paoloni at House Recruitment. Please submityour complete application to RICS@houserecruitment.co.uk by 17:00 (BST) on Monday 2 September 2024, including:

  • Your supporting statement (maximum two pages) should include how you found out about the role,how you meet the essential and/or desirable criteria for the role outlined in the role descriptiondocument, and any additional information that may support your application.
  • Your up-to-date CV should detail any relevant professional body membership details (i.e., regulatedprofession membership status and number).
  • Diversity and Inclusivity Monitoring Form – please use this link and only complete it if applying.

 

The Interview Process

  • Potential discovery call – initial shortlisted candidates may be invited to have a discovery call with theexternal recruitment partner Michelle Paoloni. This will be an opportunity to discuss elements of thesupporting statement, identify any further important information and answer any candidate questions.These calls are likely to start during the advertising process and timings will be flexible. Michelle Paoloniwill provide summaries of shortlisted discovery call candidates which will be discussed with theAppointment Panel at a short-listing meeting to identify a list of candidates for interview. 
  • Final stage interview - this will take place (usually via MS Teams) with the candidate and the AppointmentPanel on the following dates: Monday 9, Tuesday 10, Friday 13 and Tuesday 17 September 2024.

If you have any questions, please contact Michelle Paoloni at RICS@houserecruitment.co.uk.

With a diverse membership from around the world, RICS encourages applications from global candidates with diverse backgrounds, people from ethnic minorities, people with disabilities, and other underrepresented groups.

The regulatory functions of RICS are led and overseen by the Standards and Regulation Board (SRB).