Internal Audit and Risk Management Officer (LWC06)

Internal Audit and Risk Management Officer at Lagos Water Corporation

The Lagos Water Corporation (LWC) is the primary provider of potable and safe water to over 18 million residents of Lagos State, Nigeria. Established in 1910 with the construction of the Iju Waterworks, the Corporation has expanded its operations to meet the increasing demand for clean water. Currently, LWC’s total installed water production capacity stands at 210 million gallons per day (MGD), which is below the required demand. In response, LWC has developed the Lagos Water Supply Master Plan, targeting an increase in production capacity to 745 MGD.

As part of its efforts to strengthen operations and enhance service delivery, LWC is seeking dynamic, highly skilled, and results-driven professionals to fill key positions across multiple departments. If you are passionate about public service, innovation, and making a difference in the water sector, we invite you to apply for the following position.

Job Title: Internal Audit and Risk Management Officer

Location: Lagos Water Corporation, Lagos, Nigeria

Employment Type: Full-Time

Grade Level: 06/01 – 08/02

Reports To: Head of Internal Audit and Risk Management

Job Summary

Lagos Water Corporation is seeking a highly skilled and detail-oriented Internal Audit and Risk Management Officer to oversee the Corporation’s internal audit functions and risk management processes. The ideal candidate will ensure compliance with policies, regulations, and best practices while identifying and mitigating risks that could impact the Corporation’s operations. This role is critical to maintaining transparency, accountability, and operational efficiency.

Key Responsibilities

• Internal Audit Functions: Conduct internal audits to evaluate the effectiveness of financial, operational, and compliance controls. Identify areas of risk and recommend improvements to enhance efficiency and accountability.
• Risk Management: Assess and analyze operational, financial, and compliance risks. Develop and implement risk mitigation strategies to safeguard the Corporation’s assets and resources.
• Compliance Monitoring: Ensure adherence to corporate policies, regulatory requirements, and industry best practices. Assist in developing and updating internal control frameworks.
• Reporting and Documentation: Prepare audit reports, risk assessments, and compliance documentation. Provide recommendations to management for improving internal processes and risk management practices.
• Process Improvement: Identify opportunities for enhancing operational processes to improve efficiency, effectiveness, and compliance.
• Stakeholder Collaboration: Work closely with various departments to ensure risk awareness and compliance with audit recommendations. Liaise with external auditors and regulatory bodies as needed.

Qualifications and Requirements

• OND/B.Sc. in Accounting, Finance, Business Administration, or a related field.
• Professional certification (e.g., ANAN, CIA, CRMA, ICAN, ACCA) is an added advantage.
• Minimum of 3 years of experience in internal auditing, risk management, or a related field, preferably in the public sector or utility industry.
• Strong knowledge of auditing standards, risk management frameworks, and regulatory requirements.
• Proficiency in audit software and Microsoft Office Suite, particularly Excel.
• Excellent analytical, problem-solving, and organizational skills.
• Strong attention to detail and accuracy.
• Good communication and interpersonal skills.

Key Competencies

• Strong ethical standards and integrity.
• Ability to work independently and as part of a team.
• Strong time management and multitasking abilities.
• Commitment to continuous improvement and professional development.
• Strategic thinking and attention to detail.

See Also: Internal Auditor at Eat-n-Go