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Rakesh Tak

@rakeshtak

Risk & Controls AVP at BNY coordinating RCSA across 7 UK and EU entities and building 55 Power Automate workflows.

At Bank of New York Mellon (BNY), I coordinate RCSA and EBCA assessment cycles across 7 UK and EU legal entities, bringing business units and 2LOD together and preparing findings for governance forums, ExCo, and the Risk Committee. I also built 55 Power Automate workflows for risk MIS, RCSA tracking, and regulatory reporting, including a CASS High-Risk Break Report with a 7-year FCA-compliant evidence trail.

At Morgan Stanley, I contributed to payment control reviews and led a Lean control-effectiveness review across 36,000 payments, identifying causes behind 2,500 repetitive error queries and delivering 83 FTE hours in annual savings. Earlier, I investigated financial-crime risks at Polaris Consulting and conducted AML and sanctions screening at Deutsche Bank.

Experience

Work history, roles, and key accomplishments

Current

Senior Specialist (AVP) – Risk & Controls

Current

Bank of New York Mellon

Apr 2021 - Present (5 years 6 months)

Coordinates end-to-end RCSA and EBCA assessment cycles across 7 UK/EU legal entities, performing quality checks and generating standardized reports for governance forums. Serves as primary liaison between 1LOD business units and 2LOD Risk/Internal Audit, and built 55 Power Automate workflows for risk MIS and regulatory reporting.

RCSA EBCA Control Testing Control Gap Analysis Three Lines Of Defense Models Stakeholder Management Power Automate Power BI SQL ServiceNow Jira Microsoft Copilot Operational Risk Management Regulatory Reporting FCA

Associate – Payment Controls, Governance & Risk Assurance

Morgan Stanley

Jul 2015 - Apr 2021 (5 years 9 months)

Contributed to control self-assessment and control-effectiveness reviews across the payment control environment, identifying control gaps and evidencing findings for Internal Audit. Led a Lean control-effectiveness review across 36,000 payments, delivering 83 FTE hours in annual savings and a 7% reduction in exception volume.

Control Self Assessment Control Testing SWIFT Payments SWIFT MT103 MT202 KPIs Reconciliations Root Cause Analysis Process Improvement Stakeholder Management Three Lines Of Defense Models

Consultant – Financial Crime & Fraud Risk

Polaris Consulting

Jun 2014 - Jul 2015 (1 year 1 month)

Investigated cross-border payment transactions for fraud indicators and anomalous patterns, escalating confirmed cases in line with compliance protocols. Delivered SEPA and other banking software implementations, managing UAT and translating client requirements into functional specifications.

Financial Crime Fraud and Risk Trade Finance SEPA UAT Functional Specifications Payment Controls Exception Handling

Analyst – AML & Sanctions Screening

Deutsche Bank

May 2011 - Jun 2014 (3 years 1 month)

Performed daily transaction monitoring and sanctions screening of 1,400–1,500 payment transactions via HotScan against OFAC, EU, and UN watchlists. Conducted end-to-end AML and sanctions alert investigation and disposition, preparing STRs and SARs with evidential completeness.