Position of faculty announced (4)
I believe the answer is:
site
'position' is the definition.
(I know that site is a type of position)
'faculty announced' is the wordplay.
'faculty' becomes 'sight' (sight is a kind of faculty).
'announced' indicates a 'sounds like' (homophone) clue.
'sight' is a homophone of 'SITE'.
'of' is the link.
(Other definitions for site that I've seen before include "Building land" , "Whereabouts" , "Location; locate" , "Situation (of a building)" , "Place for building" .)