Step 1: Sign into Office 365 admin portal via https://portal.office.com
Step 2: Click on Admin from the left pane and navigate to Groups > Active groups.
Step 3: Click on the list you want to assign a moderator.
Step 4: Switch to the Settings tab and click Manage more settings in the Exchange admin center.
Step 5: Switch to the message approval tab and click Messages sent to this group have to be approved by a moderator.
Step 6: Under Group moderators click on add icon and select a moderator.
Step 7: Click on Save.