Is it possible to grant access to a subject area from Administration/Security/Manage Privileges?

Summary:

If I want to grant access to all employees to one certain subject area (that really has no harmful or sensitive data 😄), is it then possible to give them access through Administration/Security/Manage Privileges?

Under Manage Privileges you will find Subject Areas, where you can see who has access:

It can be used to restrict users from using the subject area, even though they should have access, based upon their roles... But can it also be used for bypassing the security model, to say "I want all with the role 'Employee' to be able to see and create analyses with the subject area?"