Roughton-Smith (pictured) joins from Abu Dhabi Investment Authority where he was head of credit risk and interim chief risk officer (CRO).
“We have ambitious plans to expand the scale and scope of our operations over the coming years and Stephen’s experience will be invaluable in helping us to make the right decisions,” said Belmont Green chief executive David Tweedy.
In previous roles, Roughton-Smith ran the structured finance business at ratings agency Moody’s in Europe, Middle East and Africa, was CRO for the UK at ABN Amro and served as deputy CRO and group credit director at Lloyds Banking Group. He originally qualified as a chartered accountant.
Roughton-Smith’s appointment would ensure “that we have clarity of understanding about our risk appetites and that, as the business grows, we have all the policies, processes and frameworks in place to manage all of our risks, including regulatory, operational and credit risk,” said Tweedy.
“As the mortgage loan book grows, and there is more activity, the range and complexity of risk increases. Stephen’s background demonstrates his particular strength in the area of credit risk which, as a mortgage lender, is one of the key risks for our business,” he added.