Turn instant pot to SAUTE + add olive oil. Once hot, add the onion and red pepper and cook 2-3 minutes, until the onion is softened. Add garlic and cook 30 seconds longer.
Hit CANCEL and add tomatoes, beans, chiles, broth and spices. Stir to combine, scraping any browned bits from the bottom of the pot. Place the lid on and set to vent to seal.
Hit MANUAL to cook at high pressure for 10 minutes.
Hit CANCEL. Turn the knob to vent and quick release the pressure before removing the lid.
Stir in the corn, cilantro and lime juice and season to taste with salt and pepper. Serve with desired toppings. Enjoy!