Using the highest sauté or browning function, heat 1 tablespoon of olive oil in the pressure cooker until shimmering. Add chorizo and cook until lightly browned (3–5 minutes). Stir in garlic and paprika, cooking until fragrant (about 30 seconds).
Stir in water, scraping up browned bits, then add lentils, broth, vinegar, bay leaves, and salt. Nestle onion and carrots into the pot.
Lock the lid and close the pressure release valve. Select the high-pressure cook function and cook for 14 minutes. Turn off the pressure cooker and release pressure quickly. Carefully remove the lid, allowing steam to escape.
Discard the bay leaves. Using a slotted spoon, transfer the onion and carrots to a food processor. Process until smooth (about 1 minute), scraping down the sides as needed. Stir the puree into the lentils and season with additional salt, pepper, and sherry vinegar to taste.
Drizzle individual servings with olive oil and sprinkle with almonds and parsley before serving.