Soak the raw black beans in hot water for 1 hour. Rinse the beans and drain the water.
To the inner pot of the IP, add the drained black beans along with a bay leaf, sliced onion and chopped garlic.
Add cumin powder, dried oregano, smoked paprika and chipotle powder. Add in water, salt and stir to combine.
Close the lid of the IP, set valve to sealing position. Press the "Bean/Chili" button and using the "+" and "-", adjust the time to 20 minutes [or you can do manual high pressure for 20 minutes].
The IP will come to pressure and then count 20 minutes. When 20 miuntes are up, you would hear a beep. [Note: if you don't soak the beans, cook for 30 minutes on high pressure]
From this point, wait for 12 minutes and then release the remaining pressure manually.
Open the IP, if beans are too "saucy/watery" for your taste at this point, press the saute button and let it simmer for 2-3 minutes.
Sprinkle additional chipotle powder (optional), adjust salt to taste and dig right in!