NEW YORK--(BUSINESS WIRE)--Compliance Risk Concepts LLC (CRC) announced the firm’s expansion with the addition of two senior executives: Elin Cherry as principal and head of capital markets and Roland Reyes as director of professional services.
“In response to evolving compliance regulations and enforcement, we have experienced unprecedented demand for our services,” says Mitch Avnet, founder and managing partner of CRC, a JW Michaels company. “Our business model is based on a unique value proposition: a team of former compliance officers from top firms who now provide compliance consulting services for clients.”
According to Mr. Avnet, the expansion of the CRC team reflects its growing reputation for providing clients with the critical skills required to establish, maintain and enhance an effective compliance operational risk management program. For smaller companies with no in-house capability, CRC handles compliance matters at a fraction of the cost of traditional resources. In larger companies, CRC acts as an extension of the in-house team to review procedures, manage workload increases, and address under-served areas of the business.
“Elin Cherry and Roland Reyes bring deep experience in the most complex compliance matters to our CRC clients, along with proven leadership skills in notable corporate environments,” concludes Mitch Avnet. “They have the expertise to assist our clients in achieving their financial, operational and strategic goals—while demonstrating a strong commitment to risk management culture.”
Elin Cherry, who will serve as principal and head of capital markets for CRC, was previously director and head of Business Unit Compliance for CIT Group Inc. There she had responsibility for the US business compliance programs, BUCOs, broker-dealer compliance, and the CIT Bank team. Previously, Ms. Cherry was at Societe Generale, where she served as managing director, head of global markets compliance and deputy director to the chief compliance officer. She also worked in senior compliance roles at Deutsche Bank Securities Inc. and Banc of America Securities. Elin holds a J.D. from the University of Denver College of Law and received her B.A., cum laude, from the University of Colorado.
Roland Reyes, named CRC’s director of professional services, will be responsible for the business development and execution of compliance engagements. Most recently, he was director at Wells Fargo Securities’ Compliance Department where he was responsible for overseeing the equity derivatives compliance program covering structured products, corporate and equity derivatives, convertible securities, and equity finance sales and trading desks. Prior to Wells Fargo, Mr. Reyes worked in compliance at Bear Stearns, JP Morgan, and Salomon Smith Barney. He holds a B.A. in Economics from Hunter College, CUNY.
Compliance Risk Concepts, a JW Michaels company, is a business-focused team of senior compliance consultants and executives providing top-tier compliance consulting services to a wide range of industries. The firm provides clients with the critical skills and expertise required to establish, maintain and enhance a balanced and effective compliance operational risk management program—to ultimately achieve financial, operational and strategic goals.