'Moderators' is used problematically

Using 'moderator' without qualification, with the expectation that it excludes community moderation by ordinary members, decreases the visibility of the expectation of said moderation, and consequently both the availability of that information to new users and the likelihood that any user will engage in difficult community moderation when an opportunity is presented to them. This in turn decreases site quality and increases elected moderator workload.

Use '♦ Moderators' Instead

This covers community managers, elected mods, mods pro tempore for beta sites, and anyone else with ♦ - level privileges, which is probably what was intended. This has the downside of being somewhat confusing on its own (i.e. it begs the question "What's a ♦ moderator?"), but the upside that it doesn't reinforce the incorrect idea that we have one set of secret moderators with no accountability as our bread and butter site management people, like many new users expect.