New Thread and Post Notification to Admins and Moderators - Vbulletin

This setting is to have an email notification set to Vbulletin forum admins/mods.

Admin CP
Forums and Moderators
Show All Moderators
Click on Edit Permissions for the Admin/Mod
Under Email Preferences, check on Yes for Receive Email When a New Thread is Created
Check yes for Receive Email When a New Post is Created
Save

You can do reverse selecting No.

EDIT:
User must have the primary usergroup set as admin or moderator. Otherwise the email notification does not seem to work as of now.