This happens pretty frequently, though it's a terrible waste of power.
If your pump is discharging at too high a pressure you've got a few options:
1) VFD. Pro: It's very good at running your pump on different curves, and they save on operating costs (as you waste less energy by pumping a lot of water that you aren't using). Con: More expensive than some mechanical workarounds depending on the size of the pump. They're pretty darn cheap for an 18.5 kW motor though.
2) Bypass with control valve would be the second option if flow control is required in the recirculating line. An orifice plate would be best if you are just sizing the line for minimum continuous flow requirement. This line should go back to the tank, not the suction line.
Piping back to the suction line causes the heat added to the water during the pumping process to be recirculated and will eventually cause overheating if the volume of recirculated water is high enough in volume compared to the tank water. You are also introducing a lot of turbulence into the suction line which is typically undesirable (unless you are designing for that purpose, like in specially designed froth pumping systems).
If you can't do a VFD, then I'd suggest installing the recirc line back to the tank, rather than to the suction side of the pump, closed loop pumping in CF pumps isn't good for them and wastes energy. Is the pump oversized, or is this for intermittent use?