Pour olive oil, spices and broth into your pot and stir so they're well combined.
Pour in enchilada sauce with can of corn and black beans, stir.
Sprinkle in uncooked rice and gently submerge into the liquid but do not stir.
Close lid and steam valve and set to high pressure for 7 minutes followed by a natural release of steam. Allow all steam to release naturally which will take approx 15 minutes.
Lift lid and fluff with a fork. You can add some shredded cheese now, place lid on and allow to melt on top before serving.
Add sour cream, sliced avocado and anything else to top when serving if you'd like.