Satellite monitoring of thermal stress on coral reefs has become an essential component of reef management practice around the world. A recent development by the U.S. National Oceanic and Atmospheric Administration’s Coral Reef Watch (NOAA CRW) program provides daily global monitoring at 5 km resolution—at or near the scale of most coral reefs. In this paper, we introduce two new monitoring products in the CRW Decision Support System for coral reef management: Regional Virtual Stations, a regional synthesis of thermal stress conditions, and Seven-day Sea Surface Temperature (SST) Trend, describing recent changes in temperature at each location. We describe how these products provided information in support of management activities prior to, during and after the 2014 thermal stress event in the Commonwealth of the Northern Mariana Islands (CNMI). Using in situ survey data from this event, we undertake the first quantitative comparison between 5 km satellite monitoring products and coral bleaching observations. Analysis of coral community characteristics, historical temperature conditions and thermal stress revealed a strong influence of coral biodiversity in the patterns of observed bleaching. This resulted in a model based on thermal stress and generic richness that explained 97% of the variance in observed bleaching. These findings illustrate the importance of using local benthic characteristics to interpret the level of impact from thermal stress exposure. In an era of continuing climate change, accurate monitoring of thermal stress and prediction of coral bleaching are essential for stakeholders to direct resources to the most effective management actions to conserve coral reefs. Full article