David Parsons
About David Parsons
David Parsons serves as the Financial Crime Product Lead at ClearBank, bringing extensive experience in financial oversight and risk management from his previous roles at Nationwide Building Society. He has a strong background in product ownership and has successfully led significant financial crime investment programs.
Work at ClearBank
David Parsons currently serves as the Financial Crime Product Lead at ClearBank, a position he has held since 2023. In this role, he is responsible for leading initiatives related to financial crime prevention and management. Prior to this, he worked as the Financial Crime Product Owner at ClearBank from 2022 to 2023, where he focused on enhancing the bank's financial crime strategies. His experience at ClearBank reflects a commitment to improving financial security and compliance within the organization.
Experience at Nationwide Building Society
David Parsons has extensive experience at Nationwide Building Society, where he held several key positions. From 2019 to 2022, he was the Chief Product Owner for Risk, where he implemented a business outcome-oriented approach and achieved a 35% reduction in the screening hit rate. He also served as the Fraud Product Owner for 9 months in 2018 and as the Senior Manager for Financial Crime Analytics from 2014 to 2018. His roles involved significant financial oversight and risk management, including managing a £35 million fraud loss budget.
Education and Expertise
David Parsons studied Mathematics at Durham University, where he earned a Bachelor of Science (BS) degree from 1997 to 2000. His educational background provides a strong foundation for his expertise in financial crime prevention and analytics. Throughout his career, he has demonstrated a capacity for leadership and project management, particularly in financial crime initiatives.
Governance Role at Ridgeway Secondary School
In addition to his financial crime roles, David Parsons has served as a SEN Governor at Ridgeway Secondary School since 2022. This position involves providing oversight and support for the school’s special educational needs programs. His involvement in education highlights his commitment to community service and governance.
Achievements in Financial Crime Management
David Parsons has led significant financial crime initiatives, including a £25 million investment program aimed at enhancing financial crime prevention measures. His ability to identify and remediate control weaknesses within the screening estate has been crucial in mitigating risks effectively. His work has contributed to the reliability and robustness of financial screening processes, supporting international expansion efforts.