In a food processor, combine roasted red peppers, almonds, parsley, garlic, red wine vinegar, smoked paprika, sea salt, and black pepper.
Pulse until the ingredients are finely chopped and the sauce is slightly chunky, or blend until smooth if a creamier texture is preferred.
With the processor running, slowly drizzle in the olive oil until the mixture is well combined and reaches your desired consistency.
Taste and adjust seasoning if necessary. Serve immediately or store in an airtight container in the refrigerator.