Eric Blackman is a Partner at Sia Partners with 25 years of financial services experience in management consulting, corporate strategy, equity and fixed income markets, business continuity management, third party risk management, regulatory compliance, cost take outs, acquisition due diligence, KYC/AML/BSA, business process re-engineering, program and project management, client onboarding, and enterprise data management.

Biography

• Led a project team engaged to assist a Canadian global bank in their efforts to implement a Third-Party Risk Management framework and to remediate 1200+ legacy service providers to meet new framework rules and guidelines.
• Led a multi-year program for a regulatory agency that executed independent reviews of all divisions within the firm. The primary goals of the review were to analyze and measure the overall effectiveness and efficiency of each Division, locate areas requiring improvement, increase operating margin and assist in the implementation of recommended solutions.
• Led the project team responsible for re-writing the policies and procedures of the Business Continuity Management division of a U.S. Investment Bank. At the completion of the policies and procedures, the project team transitioned to executing a technology assessment for the BCM team and recommending a new global technology platform to support testing, planning, crisis management, mobility, disaster recovering and third-party management.
• Implemented SEC/FINRA Regulation SCI (Systems Compatibility & Integrity) compliance for two global investment banks in advance of rule go-live. Efforts included the design of all relevant policies and procedures and the implementation of a control framework program.
• Setup and managed the North American Business Transformation team for a global investment bank’s Client & Data Services division, which covered Client Onboarding, KYC, AML and Reference Data related programs and projects
• Led Dodd Frank Title VII program for a Foreign Banking Organization (FBO) and oversaw all related projects
• Designed a formal business plan and product growth strategy for a U.S. Bank that projected to quadruple gross revenues from $125mm to $500mm, over a three-year period, in the fixed income & equity sales and trading divisions.
• Redesigned a U.S. Bank’s Global Markets operating model through the creation of a functionally aligned middle and back office (migrating from a product aligned model) for most front and back office support activities.
• Tasked with a “grow or exit” mandate from senior management, a U.S. Bank’s International Wealth Management team enlisted our assistance to develop an organic growth and restructuring plan that would increase near term revenues and establish the base for a broader market entry strategy.
• Led the operational analysis of potential acquisition targets and document the likely impacts associated with the venture, ultimately providing a go/no go vote based on the operational components.
• Assessed an Asset Management firm’s Portfolio Management, Middle Office, Operations and Compliance divisions and located 100+ resource, technology and business process inefficiencies within a 30-day due diligence period.
• Assessed a corporate finance team’s billing workflow and implemented improvements in accounts receivable tracking and non-standard fee approvals.
• Established a secondary trading desk for an Asset Management firm’s Trading group to meet best execution requirements, trade rotation requirements, improve access to liquidity pools and to increase profits through block trading.
• Implemented a Data Quality and Control program that revolutionized the way Reference Data was managed within the Capital Markets division of a global investment bank.
• Staffed and implemented a Metrics and Analytics team that combined ETL solutions and reporting packages to execute quality control, AML and Client Profitability reports.
• Developed the ROI model for a Toronto based mutual fund looking to justify funding a $20 million CRM implementation.
• Traded equities for OptiMark Technologies and the retail division of a multi-national investment bank