Philip Parsons

O

Chief Compliance Officer & SVP Legal

Oliv Financial

Jul 2024 - Current (2 years 1 month)

Provides expert legal advice to senior leadership regarding consumer financial regulatory matters. Manages and oversees Oliv's Compliance Management System. Updates policies and procedures to reflect regulatory changes. Performs due diligence on prospective partners and maintains ongoing monitoring of existing partners. Developed a compliance training program. Developed AI monitoring and controls in conformity with NIST guidelines including policies, procedures, regulatory change management and testing. Implemented an AI Task Force responsible for providing oversight of AI related matters and reports directly to the Board of Directors.

Compliance Consultant

Treliant

Dec 2021 - Mar 2023 (1 year 4 months)

Developed policies and procedures and identified weaknesses within established compliance programs focusing on EFTA, TILA, FCRA, UDAP/UDAAP, BSA and CARDS Act compliance. Researched novel regulatory issues and developed solutions based on guidance from federal and state regulators. Conducted regular and ad hoc meetings to facilitate communication of project goals.

B

General Counsel and Head of Compliance

B9

Jan 2021 - Jul 2024 (3 years 7 months)

Provided expert legal advice to senior leadership regarding consumer financial regulatory matters. Assisted with product development. Implemented adoption of AI tools. Developed AI monitoring and controls including policies, procedures, and regulatory change management. Helped negotiate service agreements and debt and equity financing. Reviewed and revised outgoing communications from multiple departments. Oversaw the BSA compliance program. Created and maintained the Regulatory Change Management program. Updated policies and procedures to reflect regulatory changes. Tracked consumer complaints to identify and mitigate against consumer protection violations.

F

Compliance Counsel

Finwise Bank

Oct 2019 - Dec 2020 (1 year 3 months)

Provided guidance on state and federal consumer lending and privacy regulations. Introduced improvements that helped mitigate compliance risk associated with AI across the bank and its strategic partners including Upstart, Liberty Lending and others. Developed AI monitoring and controls including testing and regulatory change management. Ensured partner compliance with various federal regulations including TCPA, GLBA, EFTA, ECOA, BSA, FCRA, TILA, SCRA/MLA, CAN SPAM, CARDS Act and UDAAP.

U

Credit Card Program Compliance Manager

U.S. Department of Health and Human Services

Sep 2018 - Oct 2019 (1 year 2 months)

Oversaw the credit card compliance for the travel, purchase and fleet card programs within HHS. Monitored compliance with contract requirements and PCI standards.

BSA Compliance Officer

Citibank

Feb 2015 - Jun 2018 (3 years 5 months)

Helped ensure that Citibank operated in compliance with the Bank Secrecy Act and USA PATRIOT Act. Led a team tasked with investigating cases of suspected money laundering and filed SARs when appropriate.

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