We give a new type of Schur-Weyl duality for the representations of a family of quantum subgroups and their centralizer algebra. We define and classify singly-generated, Yang-Baxter relation planar algebras. We present the skein theoretic construction of a new parameterized planar algebra. We construct infinitely many new subfactors and unitary fusion categories, and compute their trace formula as a closed-form expression, in terms of Young diagrams.