Mix cream cheese, Cheddar cheese, salad dressing, green onions, bacon, 1 teaspoon dill, thyme, black pepper, kosher salt, Worcestershire, and cayenne pepper in a bowl until ingredients are evenly distributed. Cover bowl with plastic wrap.
Refrigerate cheese mixture for 2 hours.
Mix 1 tablespoon dill and parsley in a small bowl; spread onto a clean work surface.
Shape cheese mixture into a ball; roll in dill and parsley to coat.