In a large pot, heat the olive oil over medium heat. Add the diced onion and sauté until translucent, about 5 minutes. Stir in the minced garlic and cook for an additional minute until fragrant.
Add the cumin, chili powder, salt, and black pepper to the pot, stirring to combine. Cook for another minute to toast the spices.
Pour in the chicken broth and bring to a simmer. Add the shredded chicken, white beans, diced green chilies, and corn. Stir well and let it simmer for about 10 minutes.
Reduce the heat to low and stir in the heavy cream and Monterey Jack cheese until melted and creamy.
Taste and adjust seasoning if necessary. Serve hot, garnished with fresh cilantro and tortilla chips on the side.