Sirius Solutions and MRB Compliance Consulting Form Strategic Alliance

HOUSTON, March 13, 2012 /PRNewswire/ -- Sirius Solutions, L.L.L.P. (Sirius Solutions), an independent business consulting firm, and MRB Compliance Consulting LLC (MRB), a trading compliance solutions group, announced today they have entered into a strategic alliance to provide an end-to-end regulatory compliance advisory service to clients who engage in commodity trading activities.  The combined strengths of each firm will assist clients in developing:

• Comprehensive compliance guidelines
• Updated trading policies
• Operational controls
• Reports that meet regulatory requirements
• Enhancements for Commodity Trading and Risk Management (CTRM) systems
• Training for traders, compliance officers and related management personnel

In addition, the firms will provide regulatory compliance reviews to assess controls effectiveness and provide clients with solutions for addressing the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).

The alliance between Sirius Solutions and MRB has been established to offer clients a broad range of services that meet client needs for comprehensive compliance programs that are deeply integrated with everyday operations. The strengths of their alliance will be particularly evident in Dodd-Frank implementations.   New rules for transaction management, recordkeeping, reporting, and business conduct with counterparties will require market participants to make changes that simultaneously impact operating behaviors and also legacy CTRM systems.  Sirius Solutions and MRB have the skills, experience and resources to help clients assess gaps and design and implement changes quickly, efficiently and effectively.

Within the commodities trading and risk management (CTRM) sector, Sirius Solutions specializes in commodity and energy trading, risk management, operations, technology and business strategy.  Sirius Solutions' CTRM consultants have held positions including trader, risk manager, compliance analyst, risk analyst, quantitative analyst, settlement analyst and financial reporting manager.  This focus on CTRM extends across multiple industries, including energy, financial services, investment banking, power generation, power transmission and distribution, and technology.  As a result, clients have achieved competitive advantages through identifying and implementing core strategic initiatives involving the optimization of trading and risk management technology and business processes.

"Our alliance with MRB complements the skills and multidisciplinary approach that we engage to help our clients become more efficient in their commodity trading activities.  We believe that this end-to-end approach will strongly benefit our shared client base," said Kristi Chickering, CEO, Sirius Solutions.

MRB is an expert in developing, implementing, and operating comprehensive commodities trading compliance programs.  MRB consultants have served as compliance officers and risk officers, operating in support of the full chain of command from front-line traders and market originators to Board of Director members.   The MRB approach to developing and implementing compliance programs is to create solutions that can be seamlessly embedded in the operating practices of a trading organization.   MRB team members honed their skills by living with the consequences of developing, implementing, and managing compliance programs in highly active trading organizations.  MRB builds compliance solutions that work in real-world trading operations while fully meeting regulatory and client requirements without compromise.

Michael Berry, CEO of MRB said, "We are very pleased, as a result of the alliance with Sirius Solutions, to be able to offer clients a single source option for compliance solutions that works seamlessly from the trading bench, through the back office and the CTRM system, and up through the Board of Directors."

About MRB
MRB Compliance Consulting, LLC is trading compliance solutions group with proven expertise in helping companies "operationalize" trading compliance, which means helping them to effectively integrate compliance into the daily activities of the organization.  MRB is experienced in developing, implementing, and managing comprehensive compliance programs that are responsive to heightened regulatory scrutiny – whether in the form of new legislation such as Dodd-Frank, or in the form of enforcement actions by authorities such as the CFTC, FERC, FSA, SEC or the Department of Justice.  MRB is headquartered in Houston, Texas.  MRB is not a CPA firm.  http://www.mrbconsultingllc.com.

About Sirius Solutions
Sirius Solutions, L.L.L.P. is an independent business consulting firm specializing in the areas of Financial Advisory, Business Operations, Compliance & Controls, Legal & Economic Advisory and Technology. Our mission is to integrate commercial business experience and deep subject matter expertise for senior management, providing sustainable solutions to complex business challenges. With a base of professionals averaging more than 15 years experience, we serve clients in over forty countries across a wide range of industries, including construction, energy, financial services, health care, manufacturing and transportation. Sirius Solutions is headquartered in Houston, Texas and has offices in London, New York, Dallas and Denver. Sirius Solutions is not a CPA firm. http://www.sirsol.com.

SOURCE Sirius Solutions, L.L.L.P.