Chair and Member of Assigned Risks Pool Panel

RICS Standards and Regulation Board

Chair and Member – Assigned Risks Pool Panel

Are you a Chartered Surveyor with senior experience in a compliance role? Are you interested in a regulatory role within RICS?

We are looking for an experienced Chair to lead the Assigned Risks Pool Panel (ARPP) and a Member to join the ARPP. The ARPP is responsible for making decisions about the provision of professional indemnity insurance to RICS regulated firms in the UK, which enter or are within the Assigned Risks Pool.

The ARPP primary functions include:

• advise insurer members on the panel about the nature of the firms admitted to the ARP
• sanction or ratify admissions to the ARP
• monitor firms’ progress within the ARP
• provide input into the business review and investigative process and advise insurer members on the panel accordingly
• advise the applicant firm on the terms within the ARP and interpret the Rules and Procedure for Admission to the RICS Assigned Risks Pool and
• determine premiums, return premiums and other insurance terms and conditions.

For further information please see the role description and person specifications for both roles below.

Eligibility Requirements

The Chair of the ARPP must be a Chartered Member of the RICS. The Member of the ARPP must be a member of RICS.

Both the Chair and Member of the ARPP will be responsible for making regulatory decisions, and therefore must not members of Governing Council or members of a Board or Committee reporting to the RICS Board within RICS’ governance structure.

Terms of Appointment

Both roles are remunerated at £340 per day. The anticipated time commitment for the Chair role is 25 days per annum.  The anticipated time commitment for the member role is 10 days per annum. Successful candidates in both roles will be eligible to claim reasonable travel and subsistence expenses in accordance with the current RICS policy. This role is not pensionable. The RICS’ Non-Executive Remuneration & Expenses Policy may be reviewed during the course of the appointment term.

The maximum term of an appointment will be three years. There may be no more than two successive terms of appointment.

How to apply

To apply, please submit the following documents to srbgroupsapplications@rics.org:

• A personal statement (maximum two pages) explaining how you meet the criteria for the role, as described in the role description;
• A CV which includes any relevant experience (maximum two pages);
• Details of two professional referees; referees will only be contacted for shortlisted candidates following interview;
• Relevant professional body membership details (i.e. RICS membership status and number; together with any other regulated profession membership status and number) Diversity and Inclusivity Monitoring Form* (optional)

* Please only complete the Diversity and Inclusivity Monitoring Form if you have submitted an application.

The closing date for applications is 17:00 (BST) on Friday 7 July 2023

Interviews will be held virtually via Microsoft Teams on 27 or 28 July 2023. The successful candidate will be invited to attend a virtual induction in early August.

With a diverse membership from around the world, RICS encourages applications from candidates with a diverse background, people from an ethnic minority, people with disabilities and other underrepresented groups.