Sauté the Aromatics: In a large pot or Dutch oven, heat the olive oil over medium heat.
Add the minced garlic, diced onion, carrot, and red bell pepper.
Sauté, stirring occasionally, for 7-10 minutes until the vegetables have softened.
Bloom the Spices: Stir in the ground cumin, smoked paprika, dried oregano, and chili powder.
Cook for about 1 minute more, stirring constantly, until the spices are fragrant.
Simmer the Chili: Pour in the diced tomatoes, vegetable broth, and water.
Add the bay leaf and season with salt and pepper.
Stir everything to combine, then bring the mixture to a gentle simmer.
Develop Flavors: Reduce the heat to low, cover, and let the chili simmer for 20 minutes, stirring occasionally to prevent sticking.
Finish and Serve: Stir in the cooked red beans and chopped parsley.
Continue to cook for another 5 minutes to heat the beans through.
Remove the bay leaf before serving.
Garnish with additional fresh parsley.
Adjust the spice level to your liking. For more heat, add a pinch of cayenne pepper or a finely diced jalapeño with the onions.