Alliance Life Assurance Ltd was established in 2010 as the first locally privately owned Life Insurance Company in Tanzania. The company has spread its sphere of influence throughout the region to become one of the leading insurance and financial services companies in East Africa. With a commitment to excellence, innovation, and customer service, we have become a trusted provider of life insurance solutions to both individuals and corporations in the region.

As part of our strategic growth, we are currently seeking a dynamic, highly motivated, results-oriented and experienced Risk, Legal & Compliance Officer to join our team to ensure the organization complies with all applicable laws, regulations, and internal policies while safeguarding its legal interests. The role involves providing legal advice, drafting legal documents, drafting / reviewing company policies, managing regulatory compliance, and mitigating risks.

Essential Duties and Responsibilities

The essential functions of the role, which may be subject to change at any time as the business requirements dictate are as per below list. Further, management may assign new duties, reassign existing duties, or eliminate / alter a function.

Key Responsibilities

Legal Advisory

• Provide accurate and timely legal advice to management and business units on various matters, including regulatory, contractual, and operational issues.
• Review and draft legal documents, including contracts, policies, agreements, and memoranda of understanding (MOUs).

Compliance Management

• Develop, implement, and maintain an effective compliance program to ensure adherence to all relevant legal and regulatory requirements.
• Ensure timely and accurate submission of all statutory filings and reports to regulatory authorities & maintain a register of compliance obligations and track adherence.

Risk Management

Risk Identification & Assessment: Continuously identify, evaluate, assess, monitor and mitigate legal & compliance, operational, financial, and strategic risks across all business units, including sales & support.

Fraud Mitigation: Collaborate with underwriting and claims teams to detect anomalies, investigate potential fraud, and implement preventative control measures.

Process Gaps: Advise on measures to address any gaps or risks in internal controls and compliance processes.

Business Continuity: Develop, maintain, and regularly test the company’s Business Continuity Plan (BCP) along with relevant functions to ensure operational resilience against internal and external shocks.

Regulatory Liaison

• Act as the main point of contact with regulatory authorities and ensure all communication is professional and timely.
• Coordinate and manage regulatory inspections and audits, providing all necessary documentation and responses.

Internal Audit Facilitation & Tracking Responsibilities

Audit Coordination: Act as the central liaison between internal auditors and Alliance Life’s business units, ensuring smooth execution of audit plans and timely provision of required documentation.

Remediation Tracking: Monitor and track the implementation of internal audit recommendations, working closely with department heads to ensure Corrective Action Plans (CAPs) are executed within agreed timelines.

Record Keeping and Reporting

• Maintain an organized system for legal and compliance documentation, including contracts, licenses, and permits.
• Prepare and submit compliance reports to senior management and the board as required.

Other Duties

• Support management in handling sensitive legal and compliance matters.
• Perform other related duties as assigned by the line manager or executive team.

Qualifications and Experience Required

• Bachelor’s degree in Law (LLB) or a related field.
• Admission to the Bar (or equivalent professional legal qualification).
• Certification in Compliance, Risk Management, or related fields is an added advantage.
• Minimum of 3-5 years of experience in legal and compliance roles, preferably in the insurance, financial, or corporate sector.
• Proven track record in handling regulatory and legal matters effectively.
• Strong knowledge of relevant laws and regulations, including insurance law, labor law, and corporate governance.
• Exceptional communication, presentation, negotiation, and interpersonal skills.
• Proficient in Microsoft Office and digital business development tools.

General

Alliance Life Assurance Ltd (ALAL) promotes an inclusive workplace that provides equal opportunities for all employees, including reasonable accommodations for individuals with disabilities. For inquiries regarding physical demands, please contact Human Resources.

• Provide accurate and timely legal advice to management and business units on various matters, including regulatory, contractual, and operational issues.
• Review and draft legal documents, including contracts, policies, agreements, and memoranda of understanding (MOUs).
• Develop, implement, and maintain an effective compliance program to ensure adherence to all relevant legal and regulatory requirements.
• Ensure timely and accurate submission of all statutory filings and reports to regulatory authorities & maintain a register of compliance obligations and track adherence.
• Continuously identify, evaluate, assess, monitor and mitigate legal & compliance, operational, financial, and strategic risks across all business units, including sales & support.
• Collaborate with underwriting and claims teams to detect anomalies, investigate potential fraud, and implement preventative control measures.
• Advise on measures to address any gaps or risks in internal controls and compliance processes.
• Develop, maintain, and regularly test the company’s Business Continuity Plan (BCP) along with relevant functions to ensure operational resilience against internal and external shocks.
• Act as the main point of contact with regulatory authorities and ensure all communication is professional and timely.
• Coordinate and manage regulatory inspections and audits, providing all necessary documentation and responses.
• Act as the central liaison between internal auditors and Alliance Life’s business units, ensuring smooth execution of audit plans and timely provision of required documentation.
• Monitor and track the implementation of internal audit recommendations, working closely with department heads to ensure Corrective Action Plans (CAPs) are executed within agreed timelines.
• Maintain an organized system for legal and compliance documentation, including contracts, licenses, and permits.
• Prepare and submit compliance reports to senior management and the board as required.
• Support management in handling sensitive legal and compliance matters.
• Perform other related duties as assigned by the line manager or executive team.

• Exceptional communication, presentation, negotiation, and interpersonal skills.
• Proficient in Microsoft Office and digital business development tools.

• Bachelor’s degree in Law (LLB) or a related field.
• Admission to the Bar (or equivalent professional legal qualification).
• Certification in Compliance, Risk Management, or related fields is an added advantage.
• Proven track record in handling regulatory and legal matters effectively.
• Strong knowledge of relevant laws and regulations, including insurance law, labor law, and corporate governance.