Eric Yu Email & Phone Number

Canada

Toronto, Ontario, Canada

Toronto, Ontario, Canada

Chicago, Illinois

Product management leadership and oversight on both low and high value payments across North America for BMO Treasury and Payments Solutions. Proud to have formed the business unit’s Emerging Payments Program that would drive new product development and unlock new opportunities as the US and Canada undergo transformational changes in the payments space.

My responsibilities include oversight over low value payments and comprehensive payment file solutions for corporates and financial insititutions in the US and Canada.

• Team leader (20 staff), and Profit & Loss owner for all Canadian PCM products under commercial and corporate segment including enterprise-wide relationship oversight over Third partyvendors (Total vendor spend in.
• Drive Innovation in partnership with functional stakeholders and risk-stewards and deployed technology platforms i.e. Global Disbursements (international low value payments), FX-solutions for cross-border payments, and.
• Oversight on annual operating and technology plan including driving business-case submissions and presentations to senior executives, and lines of businesses' sponsorship.
• Successfully instituted risk frameworks including adoption of Governance frameworks for product delivery and on-going performance, Regulatory frameworks and controls for high risk products, Information Security Risk.
• Championed transfer pricing over deposits in transfer pricing committees and asset-liability management committees.
• Active member representing HSBC in CBA-SWIFT Canada National Member Group and an ISO20022 Adoption advocate

Vancouver, Canada Area

• AVP2 for Global Payments and Cash Management.Lead high impact / effective team of product managers owning Deposit products, Transaction Channels, Receivables Reconciliation Services, Complex Pooling & Cash.
• Led the authoring of functional requirements and design specifications for sophisticated products including Cross-border Cash Concentration, and Complex Credit Facility Functionality
• Conducted RFP and selection of new platforms to replace legacyproducts and incorporated key legal terms and conditions during the RFP arriving at a fair contract without compromise to the project delivery timelines.
• Other key select products and frameworks launched: Money Market Savings Account/s and Term Deposit Exception Pricing Governance Models, and Credit policy for Notional Pooling (preserving ability to net off in balance.
• Developed model for deposit products delivering clear line of sight on profitability (VOF & Interest Payout) amid changing transfer pricing model within the bank in the wake of the financial crisis in 2009.
• Implemented proper tracking of income/expense accounts to comply with Sarbanes-Oxley requirements

Vancouver, Canada Area

Deliver new product platform, policy and business process for Complex Liquidity Management applications (Pooling & Cash Concentration).Applied policy for transfer pricing and balance sheet reporting for pooling driven by local regulation, international accounting standards and BASEL accord.

Vancouver, Canada Area

Deployed and managed automated Wholesale Lockbox solutions platform in less than 8 months. Directly negotiated contract with Vendor for the Lockbox platform. Participated and contributed to receivables deals > $1 Million in revenues

Hong Kong

Oversight on liquidity management solutions and commercialization of corporate internet channel. Designed interface between pooling product and credit/overdraft product to create powerful liquidity-levelling technique for corporate treasury customers- led to 15 new prospects for our sales teams. Initiated and commercialized a simple transaction-driven.

Manila, Philippines

Managed assets worth $3 Million and close to 60 staff (sales, servicing and equipment maintenance). Negotiated and collaborated with lender banks to restructure credit during the 1997 Asian Crisis. Acccen Int'l Corp. (now sold off) was a specialty chemicals company distributing for United Laboratoriess. Also spun off into a heavy equipment dealership and.

Philippines

Relationship managed high net worth individuals and businesses with specialties in trade finance and revolving credit lines.

Mba, Concentration In Finance, A-

Mba, Exchange Study

Bachelor Of Science, Management