Independent Member – Valuation Assurance Committee, RICS

About the role

The Valuation Assurance Committee (VAC) of the Royal Institution of Chartered Surveyors provides independent oversight and assurance to ensure the regulatory framework governing RICS Registered Valuers and RICS Regulated Firms remains credible, proportionate, and trusted. Valuations underpin lending decisions, investment activity, financial reporting, and market trust globally.

The VAC oversees registration of valuers and firms, continuing professional development, monitoring and audit activity, and assurance arrangements. It reviews the effectiveness of the regulatory framework, considers emerging risks, and ensures alignment with the public interest.

As an Independent Member, you will bring external perspective, independent judgement, and constructive challenge to discussions influencing confidence in valuation services across global markets. This role is ideal for individuals with experience in financial reporting, investment, lending, audit, insurance, or regulatory environments who understand the importance of robust assurance arrangements.

Responsibilities

• Provide independent judgement and oversight within a complex regulatory environment.
• Contribute to oversight of registration arrangements for RICS Registered Valuers and RICS Regulated Firms.
• Scrutinize monitoring and audit activity, continuing professional development requirements, and the assurance framework.
• Assess emerging risks, challenge established assumptions, and scrutinize evidence to ensure decisions remain proportionate and defensible.
• Ensure RICS' valuation assurance arrangements remain credible, transparent, and globally relevant amid evolving markets and regulations.
• Provide genuine challenge and external perspectives to strengthen decision-making and maintain trust in valuation services.

Requirements

• Significant senior leadership and governance experience within financial services, regulation, compliance, professional standards, assurance, governance, legal, insurance, investment, or related sectors.
• Experience providing independent challenge and assurance at board or committee level.
• Understanding of the role of valuations, their use, and their significance in markets and the economy.
• Appreciation of professional standards, assurance, and regulatory oversight in maintaining public confidence.
• Ability to analyse complex information, exercise sound judgement, and contribute to collective decision-making.
• Commitment to acting in the public interest with integrity, independence, and accountability.

Additional Valuable Experience

• Experience operating across multiple jurisdictions or within organisations with international reach.
• Experience working within complex governance structures where committees operate as part of a wider regulatory or organisational framework.

Independent Members are appointed from outside the RICS membership. Candidates must not be, and must never have been, members of RICS.

About the Valuation Assurance Committee

The VAC is a permanent sub-committee of the RICS Standards and Regulation Board, comprising four RICS Registered Valuer Members, four Independent Members, and an Independent Chair. It provides oversight of the regulatory framework governing RICS Registered Valuers and RICS Regulated Firms, helping maintain trust in valuation services worldwide.

Pay

£3,400 per annum, with reasonable travel expenses reimbursed where applicable.

Schedule

• Time commitment: Approximately 10 days per year, including preparation, Committee meetings, and ad hoc activity.
• Meetings are primarily virtual, with one in-person meeting each year in London. Some international travel may be required for members based outside the UK.
• Term: Up to three years, with the possibility of reappointment for a second term (maximum six years).