Press Sear/Sauté and adjust the timer. Let heat for 3 Minutes, then add the olive oil.
Add the onion, salt, and black pepper to the cooking pot. Cover with the lid and cook, stirring occasionally, until the onion is just tender, 5 to 7 Minutes.
Stir in the garlic and cook uncovered for 1 Minute.
Add the rinsed rice to the cooking pot and mix to combine. Add the broth and thyme, and press Cancel.
Cover with the lid and press Rice. Cook until the rice is tender and the liquid is absorbed, about 25 Minutes. Press Cancel.
Remove and discard the thyme. Fold in the parsley.