Victoria Cleland

Executive Director Banking, Payments and Financial Resilience, Bank of England

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Victoria Cleland is the Executive Director for Banking, Payments and Financial Resilience. She leads the teams responsible for:
- the operation and strategic development of the Bank’s payment system services, including the UK’s real‐time gross settlement infrastructure (which settles over £500 billion of sterling payments and securities transactions each day)
- the Bank’s wholesale and retail banking operations, including the provision of emergency liquidity assistance
- assessing the Bank’s financial risks

Victoria is a member of the RTGS/CHAPS Board which provides strategic leadership for our payment systems: RTGS (real-time gross settlement) and CHAPS (Clearing House Automated Payment System).

Victoria has held several senior positions in a range of areas. Mostly recently, as Chief Cashier she was responsible for banknotes (from design to distribution) and led the Bank’s work on digital currencies.

Before that she was Deputy Head of the Special Resolution Unit, and previously Private Secretary to the Deputy Governor. Her work included overseeing payment and settlement systems, financing small businesses and graduate recruitment.

Victoria is the Executive Sponsor of the Bank’s staff Disability Network and Bicycle Users Group. She is a Vice President of the Royal Society for Blind Children.

Victoria has a degree in philosophy, politics and economics from Oxford University and a business administration (MBA) from Imperial College London.

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