Working At Banco Do Brasil
Being public-owned, Banco do Brasil must recruit workers through a public draft process, known as Concurso Público and work within strict norms of business. Due to the security which the public draft process provides working for Banco do Brasil is considered a desirable job in most of Brazil. This process is usually carried out separately for each region, with approved candidates being recruited to any branch in the region, in which they completed the process, within the following two years in order of classification (it can be delayed for more than two years, once in each process). Candidates must be Brazilian nationals (or legal residents and naturalised) and must be able to prove that they have completed their military service and electoral registration obligations (both military service and voter registration are mandatory for all Brazilians aged 18 to 70).
Banco do Brasil also has 49 offices/places of business in 23 different countries, and according to the local laws of every country the employees may be local hires. The New York Branch and the Miami Branch plus the North America Regional Office (BBUSA) and its subsidiaries in the USA (Eurobank FL - Banco do Brasil Americas, and BB Money Transfers) also have local hires.
In order for a local to be hired by the bank, the candidate must pass a competitive test, as well as demonstrate his/her ability to communicate in multiple languages, knowledge of finance, economics, computer sciences, business administration and asset management, trade, structured and project finance, among others, related to the positions that open and become available as the bank expands. Having prior experience working in related areas is fundamental.
Other public-owned Brazilian banks, like Caixa Econômica Federal, Banco da Amazônia, and Banco do Nordeste do Brasil also carry out a similar process but the process carried out by Banco do Brasil is the archetypal Brazilian Concurso Público like that of all Brazilian government funded public service jobs.
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