Season the Chuck Roast evenly with salt and pepper
Turn the Instant Pot to Sauté and add the Olive Oil.
When the oil is hot, add the roast to the Instant Pot and brown on all sides.
Remove Beef from Instant Pot and set aside.
With the Instant Pot still on the sauté function, add Bell Peppers, Onion, and Jalapeno and sauté for a couple minutes just until they start to soften.
Add Garlic and Tomato Paste and stir to for a minute or so until the tomato paste becomes fragrant.
Add Oregano, Cumin, Paprika, and Smoked Paprika and stir for about 30 seconds.
Add reserved juice and use it to scrape up any flavor off the bottom of the pot.
Turn off Instant Pot.
Return the roast to the Pot.
Top the Roast with the canned tomatoes.
Put the lid on the Instant Pot, lock in place, and set the vent to sealing.
Turn Instant Pot on to the manual setting on high pressure and set the time for 60 minutes.
When the time has completed, let the Instant Pot naturally release for 15- 20 minutes before releasing any remaining pressure.
Remove the Chuck Roast to a plate and turn the Instant Pot on sauté.
Add the Olives and the Capers to the Instant Pot.
Using two forks, shred the beef and return it to the Instant Pot.
Turn off the Instant Pot.
Serve the Ropa Vieja with rice and refried beans.