HEAT oil in large saucepan on medium-high heat. Add meat and cumin; mix well. Cook 10 to 15 min. or until meat is evenly browned, stirring occasionally. Add jalapeño peppers, roasted red peppers, broth and tomatoes with their liquid; mix well. Bring to boil. Reduce heat to medium-low; simmer 30 min., stirring occasionally.
ADD barbecue sauce, hominy and corn; mix well. Simmer an additional 30 min., stirring frequently.
DIVIDE cheese evenly among six serving bowls. Top with the stew.