Sauté the aromatics: Heat olive oil in a large pot over medium heat. Add onion and bell pepper.
Cook 4–5 minutes until softened. Stir in garlic and jalapeño and cook 30 seconds until fragrant.
Toast the spices: Add chili powder, cumin, smoked paprika, and oregano. Stir for 30 seconds to bloom the spices.
Add the base: Pour in chicken broth, enchilada sauce, and diced tomatoes.
Stir to combine and bring to a gentle simmer.
Build the body: Add black beans, corn, and shredded chicken. Simmer 10–12 minutes to let flavors meld.
Make it creamy: Reduce heat to low. Stir in cream cheese until fully melted and smooth.
Add heavy cream and gently heat without boiling.
Add the cheese: Stir in Monterey Jack a handful at a time until melted. Season with salt and pepper. Squeeze in lime juice and stir.
Serve: Ladle into bowls and top with tortilla strips, extra cheese, cilantro, avocado, sour cream, or jalapeños as you like.