In your Instant Pot, select the SAUTE feature and add the chicken. Cook until browned on all sides and add 2 cups chicken broth.

Select the MANUAL feature and set for 8 minutes.

Remove the chicken and the liquid from the Instant Pot; set it aside. Add oil and SAUTE the onion and peppers until translucent.

Add in the broth (from cooking the chicken), remaining 2 cups chicken broth, bouillon, beans, and spices to pot. Cook on HIGH PRESSURE for 25 minutes then let the pressure come down naturally for 10 minutes, followed by the quick pressure release for the rest of the pressure.

While this is cooling, chop the cilantro.

Add shredded chicken and chopped cilantro and stir. Serve.