Principal, Financial Crime and Regulatory Compliance

Job description

FARFETCH exists for the love of fashion. Our mission is to be the global platform for luxury fashion, connecting creators, curators and consumers. We're a positive platform for good, bringing together an incredible creative community made up by our people, our partners and our customers. This community is at the heart of our business success. We welcome differences, empower individuality and celebrate diverse skills and perspectives, creating an inclusive environment for everyone. We are FARFETCH for All. **LEGAL, ETHICS AND COMPLIANCE** Working in close partnership, the Legal and Ethics & Compliance (E&C) teams operate as a strategic business area helping us navigate the complexities of a global business. The Legal team acts as guardians of our legal integrity, providing expert advice to protect our interests and manage risks. Alongside them, the E&C team drives our commitment to doing business the right way by developing robust compliance frameworks, monitoring regulatory adherence, and fostering a strong culture of ethical conduct. **LONDON** Our London office is located in Old Street, London’s tech hub, and is home to a wide range of teams. Our open space is ideal for collaborative work and sharing ideas. We also have a large outdoor terrace, which is the perfect spot to have a team lunch or host events. **THE ROLE** The Principal, Financial Crime and Regulatory Compliance is a senior role responsible for building, scaling, and overseeing global AML and Sanctions compliance programs that protect the company from regulatory, financial, and reputational risk. ### WHAT YOU'LL DO **Anti-Money Laundering (AML) Program** - Design and lead AML frameworks across multiple jurisdictions, including Due Diligence, and Suspicious Transaction Reporting. - Establish consistent governance standards, documentation requirements, and operational controls to ensure regulatory alignment across markets. - Identify emerging AML risk typologies and direct the development of analytic methods, and escalation criteria. - Conduct comprehensive enterprise-wide AML risk assessments and implement robust remediation plans to address identified vulnerabilities. - Serve as the principal liaison for internal audits, external regulatory examinations, and law enforcement inquiries related to money laundering. **Transaction Monitoring, Fraud & Ecosystem Defense** - Design and manage Transaction Monitoring frameworks to identify suspicious activities and financial crime typologies across the global platform. - Extend Transaction Monitoring capabilities to function as a holistic defense mechanism, integrating preventative controls over fraud, Trust and Safety, and payment anomalies. - Support the design and operation of monitoring mechanisms for fraud, seller abuse, or related risk indicators, coordinating with internal functions as needed. - Partner with engineering and data teams to deploy advanced monitoring rules and real-time detection solutions to protect the platform's ecosystem. **Sanctions Compliance Management** - Lead global sanctions screening for new and existing partners/customers and ensure compliance with U.S., U.K., E.U., and other applicable sanctions regimes. - Oversee sanctions system configuration, alert review procedures, and escalation protocols to maintain screening accuracy and defensibility. - Implement and manage comprehensive e-commerce sanctions controls beyond entity screening, including IP geolocation blocking, restricted delivery address logic, and cross-border shipping restrictions for high-risk regions. - Provide guidance to business teams on sanctions implications for customers, products, and market expansion. - Monitor real-time geopolitical developments and proactively update internal sanctions policies to mitigate emerging jurisdictional risks. - Establish ongoing testing and calibration routines for screening tools to minimize false positives and optimize tools. **Regulatory Advisory & Compliance Awareness** - Continuously assess evolving legal and regulatory requirements across multiple global jurisdictions to ensure the compliance framework remains robust and current. - Provide strategic advice, interpretation, and counsel to business units and executive leadership on applicable AML, Sanctions, and Financial Crime obligations. - Design, implement, and oversee comprehensive compliance training and awareness programs tailored to relevant teams and departments, fostering a proactive culture of risk management. **Cross-Functional Compliance Support** - Provide support across adjacent compliance domains including ESG reporting. - Act as a senior compliance advisor for major strategic initiatives, ensuring that financial crime controls are seamlessly embedded into new market launches and platform features. ### WHO YOU ARE - Bachelor’s degree in a related field and progressive experience in Compliance, with strong exposure to AML, sanctions, or financial crime risk management and related compliance domains. Certifications like CAMS and CGSS are a plus. - Experienced in designing and scaling compliance programs across multiple jurisdictions and compliance areas. - Strong understanding of global regulatory frameworks related to AML and Sanctions. - Familiarity with ESG and sustainability reporting; CSRD experience is a plus. - Proven ability to build intelligence-driven monitoring programs and high-quality control environments. - Skilled stakeholder manager with excellent communication and influence capabilities. - Comfortable operating in fast-paced, evolving environments with complex global regulatory expectations. - Highly analytical, detail-oriented, and capable of driving cross-functional initiatives at senior levels. ### REWARDS & BENEFITS - Employee Pension Scheme - Flexible Benefits Program - Health Insurance & Critical Illness cover - Flexible work environment- Hybrid Model (3 days a week from the office, 2 days from home) ### EQUAL OPPORTUNITIES STATEMENT & SCAM DISCLAIMER - EQUAL OPPORTUNITIES STATEMENT- Farfetch is an equal opportunities employer ensuring that all applicants are treated equally and fairly throughout our recruitment process. We are determined that no applicant experiences discrimination on the basis of sex, race, ethnicity, religion or belief, disability, age, gender identity, ancestry, sexual orientation, veteran status, marriage and civil partnership, pregnancy and maternity, or any other basis prohibited by applicable law. - SCAM DISCLAIMER- It has come to our attention that there may be fraudulent activities involving individuals or organizations falsely claiming to represent Farfetch in order to attract candidates to a SCAM. Please be aware that Farfetch does not conduct recruitment processes through messaging apps or any unofficial communication channels, other than our official careers website. Additionally, Farfetch will never ask candidates for any form of payment during the recruitment process.