Around noon, bad dealer shot conductor (10)
I believe the answer is:
bandleader
'conductor' is the definition.
(bandleader is a kind of conductor)
'around noon bad dealer shot' is the wordplay.
'around' is an insertion indicator.
'noon' becomes 'n'.
'shot' is an anagram indicator.
'n' put within 'bad' is 'band'.
'dealer' with letters rearranged gives 'leader'.
'band'+'leader'='BANDLEADER'
(Other definitions for bandleader that I've seen before include "Conductor, perhaps" , "Ted Heath was one" , "Music supremo" , "Top musician" , "He conducted" .)