Head of Compliance, FARFETCH
1-3 days a week in office (Old Street, London)
Luxury fashion platform
Open for applications
Luxury fashion platform
1001+ employees
Open for applications
1-3 days a week in office (Old Street, London)
1001+ employees
Company mission
To be the global technology for the luxury fashion industry, connecting creators, curators and consumers.
Role
Who you are
- Minimum 15+ years of experience in Legal, Ethics, Compliance, Forensic, Statutory/Internal Audits, Internal/external investigations, Anti-Corruption, risk management, and/or building financial controls
- Enterprise mindset; excellent communication skills; effective stakeholder influence and engagement skills
- Proven track record of successfully leading compliance functions
- A strong understanding of eCommerce operations will be an added advantage
- Strong analytical and problem-solving skills, with the ability to interpret complex problems and approach with a solution-oriented mindset
- Detail-oriented mindset with the ability to manage multiple projects and priorities simultaneously
What the job involves
- We are a full service in-house Legal, Ethics and Compliance function, providing advice on strategic projects across all business areas, whilst developing our role as an integrated partner within the business
- Reporting to VP Legal, the Head of Compliance has overall responsibility for ensuring compliance with our Code of Conduct and Company Policies
- The Compliance team develops policies and standards, provides appropriate guidance, and helps to implement and monitor controls to identify and mitigate compliance risks across the entire organization
- The team partners with the business and operations to design products, services, and controls that reduce compliance vulnerabilities and govern the process for measuring, monitoring, and reporting compliance risks
- Implement an effective compliance program across various compliance areas to ensure adherence to applicable legal and regulatory requirements and mitigate potential compliance risks
- Work closely with internal and external stakeholders to understand business processes and relevant compliance risks in each process
- Stay informed of any changes or additions to laws and industry regulations that affect the Company’s operations
- Cultivate an environment where employees respect and adhere to Company standards of integrity and ethics by integrating these values into all programs and practices and creating awareness of relevant compliance matters
- Lead the design, implementation, and evaluation of Anti-corruption-related controls to efficiently manage Corruption risks across the group and ensure effective implementation of Anti-Corruption Policies and Procedures
- Implement and maintain the AML and Sanctions compliance program, including governance, policy and procedures, transaction monitoring and sanctions screening, independent testing, and any other issues relating to money laundering and sanctions requirements
- Improve and update existing monitoring systems and tools to detect and prevent customer fraud and supplier abuse. Utilise data-driven insights and analytics to identify patterns, trends, and anomalies indicative of fraudulent behavior
- Plan and establish annual training programs on various compliance topics, as well as the establishment of action plans for planned training courses, operation, and reporting of results
- Work with internal teams and/or external vendors as needed to establish, develop, modify, and implement the training materials
Salary benchmarks
Our take
Farfetch differentiates from other fashion retailers by focusing on the higher-priced luxury goods market which was slow to embrace digital shopping. As an early mover in this space and one of the first to establish a marketplace for the luxury brands sector, Farfetch has garnered a strong reputation and customer base to match. Its online marketplace currently reaches customers in 190 countries with 1400 major brands and it maintains a physical presence in its acquisition of Violet Grey in Melrose Place, Los Angeles.
As the global economy enters a tricky period, Farfetch may find it has to adjust, with lower non-essential spending meaning that inventory in the fashion sector is piling up. This will require a sales-led approach, something that comes more easily to retailers at the lower end of the market. However all signs point to Farfetch being ready to take on the market with a leadership shakeup and strong promotional strategy.
Kirsty
Company Specialist
Insights
Few candidates hear
back within 2 weeks
-3% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Jun 2017
$397m
LATE VC
May 2016
$110m
SERIES F
Total funding: $702.4m
Company benefits
- FARFETCH Equity plan and annual discretionary bonus
- Flexible benefits - Private Medical Insurance, Dental Insurance, Gym Memberships, Pension scheme and more
- Critical Illness Insurance and Life Assurance
- Access to Unmind: an independent and completely confidential digital mental health platform
- Flexible working environment and more!
Company values
- Be Brilliant: Be unrivalled in everything you do, with passion and ambition. Ambiguity and complexity never stop you from going the extra mile
- Be Human: Be respectful and kind to yourself and the people around you. Trust each other’s intent, resolve problems with empathy, and welcome mistakes as learning opportunities
- Todos Juntos: Act for the greater good of all teams, even when it’s beyond your area of expertise. Foster positive actions in those around you, and celebrate our shared achievements
- Think Global: Belong to a global community, working collectively as a united force. Welcome and respect everyone, creating an inclusive environment for all
- Be Revolutionary: Disrupt the status quo and embrace innovation with a curious mindset. Make courageous decisions, searching for new ways to shape the future
- Amaze Customers: Love and understand your customers, keeping them front of mind. Exceed their expectations by delivering unforgettable experiences
Articles
Leadership
José Neves
(Chairman & CEO)Previously founded PLATFORME, an ethical fashion company, and José Neves Foundation, a philanthropic fundraising service. Also held a role as a Non Executive Director at the British Fashion Council.
Diversity, Equity & Inclusion at FARFETCH
- We're committed to setting ourselves targets to achieve diverse representation at every level of the organization
- We're committed to enabling a zero-tolerance culture against discrimination in all its forms and promoting a consciously inclusive culture, holding all accountable to our inclusive values
- We're committed to rewarding everyone fairly, regardless of their race, gender identity, sexual orientation, disability or any other part of their identity or background
- We're committed to investing in our recruitment and career development strategies to ensure everyone can thrive and succeed with us, by addressing any barriers or biases they may face and widening our talent sources
- We're committed to ensuring the marketplace and platform includes, and is accessible to, a representative spectrum of social identities and needs
- We're committed to giving dedicated space for expression, additional commercial support, and above benchmark visibility to designers and businesses from under-represented communities
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