Alliance Life Assurance Limited: Career Opportunity - Risk, Legal & Compliance Officer

Alliance Life Assurance Limited (ALAL), established in 2010, is the pioneer locally privately owned Life Insurance Company in Tanzania. We have expanded our influence across the region, becoming a leading insurance and financial services provider in East Africa. Our dedication to excellence, innovation, and customer service has cemented our reputation as a trusted provider of life insurance solutions for individuals and corporations alike.

As part of our strategic expansion, we are actively seeking a dynamic, highly motivated, results-oriented, and experienced Risk, Legal & Compliance Officer to join our esteemed team. This pivotal role is responsible for ensuring the organization adheres to all applicable laws, regulations, and internal policies while rigorously safeguarding its legal interests.

Key Responsibilities and Duties:

The essential functions of this role are subject to change based on evolving business requirements. Management reserves the right to assign new duties, reassign existing duties, or modify/eliminate functions.

Legal Advisory

• Provide accurate and timely legal counsel to management and various business units on a spectrum of matters, including regulatory, contractual, and operational issues.
• Review and meticulously draft legal documentation, encompassing contracts, policies, agreements, and Memoranda of Understanding (MOUs).

Compliance Management

• Develop, implement, and maintain a robust compliance program to ensure unwavering adherence to all pertinent legal and regulatory requirements.
• Ensure the timely and accurate submission of all statutory filings and reports to regulatory authorities.
• Maintain a comprehensive register of compliance obligations and diligently 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 and support functions.
• Fraud Mitigation: Collaborate closely with underwriting and claims teams to detect anomalies, investigate potential fraud, and implement proactive preventative control measures.
• Process Gaps: Advise on strategies and measures to address any identified gaps or risks within internal controls and compliance processes.
• Business Continuity: Develop, maintain, and regularly test the company’s Business Continuity Plan (BCP) in conjunction with relevant functions to ensure operational resilience against both internal and external shocks.

Regulatory Liaison

• Serve as the primary point of contact with regulatory authorities, ensuring all communication is professional and executed in a timely manner.
• 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, facilitating the smooth execution of audit plans and ensuring the timely provision of required documentation.
• Remediation Tracking: Monitor and track the implementation of internal audit recommendations, working collaboratively with department heads to ensure Corrective Action Plans (CAPs) are executed within agreed timelines.

Record Keeping and Reporting

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

Other Duties

• Provide support to 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:

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

General Information:

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

How to Apply:

If you meet the qualifications and are enthusiastic about this opportunity, please submit your resume to hr@alliancelife.co.tz with the subject line: Risk, Legal & Compliance Officer.

The deadline for applications is March 13th, 2026. Only shortlisted candidates will be contacted.