In a large soup pot or Dutch oven heat the oil over medium heat and add the onion, pepper and garlic.
Cook, stirring often until they start to soften. Mix in the chili powder, paprika, oregano, and season well with salt and pepper.
Cook for a minute or so then mix in the turkey, the Ro-tel, the beans, corn, rice and lastly the chicken broth.
Season well with salt and pepper (about 1 teaspoon salt and ¼ teaspoon black pepper) and bring to a simmer. Drizzle in the cornstarch slurry while stirring.
Cook 20 - 25 minutes, stirring often. Taste and season with more salt and pepper if needed.
To serve garnish with cheese, sour cream and tortilla chips.