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Full-Time

Head of Compliance

Confirmed live in the last 24 hours

Farfetch

Farfetch

1,001-5,000 employees

Online marketplace for luxury fashion items

Consumer Goods

Expert

London, UK

Category
Risk & Compliance
Legal & Compliance
Required Skills
Communications
Data Analysis
Requirements
  • 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.
Responsibilities
  • 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

Farfetch operates an online marketplace that connects luxury fashion brands, boutique retailers, and consumers globally. The platform allows users to buy and sell high-end fashion items, catering to a clientele that values quality and exclusivity. Farfetch partners with various luxury brands and boutiques, providing them with a digital space to showcase their products. The company generates revenue primarily through commissions on sales made through its platform and offers additional services like digital marketing and logistics to its partners. Unlike many competitors, Farfetch has also expanded into the pre-owned luxury market through acquisitions, such as LUXCLUSIF, enhancing its offerings in the luxury fashion sector. The goal of Farfetch is to create a comprehensive digital marketplace that serves the needs of luxury fashion consumers and retailers worldwide.

Company Stage

M&A

Total Funding

$1.7B

Headquarters

London, United Kingdom

Founded

2007

Growth & Insights
Headcount

6 month growth

-23%

1 year growth

-27%

2 year growth

-29%
Simplify Jobs

Simplify's Take

What believers are saying

  • Farfetch's global reach and partnerships with high-end brands and boutiques provide employees with exposure to the luxury fashion industry's top players.
  • The company's expansion into pre-owned luxury goods through LUXCLUSIF opens new market opportunities and potential revenue growth.
  • Collaborations with sustainability platforms like Good on You highlight Farfetch's commitment to ethical and sustainable fashion, appealing to a growing consumer base.

What critics are saying

  • The luxury fashion market's volatility and economic downturns can significantly impact Farfetch's revenue and profitability.
  • Recent layoffs affecting 25-30% of the workforce may lead to decreased morale and productivity among remaining employees.

What makes Farfetch unique

  • Farfetch's unique position as a global luxury fashion marketplace sets it apart from competitors who may focus on more generalized eCommerce.
  • The acquisition of LUXCLUSIF allows Farfetch to tap into the growing market for pre-owned luxury goods, diversifying its revenue streams.
  • Farfetch Platform Solutions offers comprehensive digital commerce solutions, providing added value to luxury brands and boutique retailers beyond just a sales platform.