Crossword Genius

Position of junior officer’s place secured by secondary lease (14)

Ross

I believe the answer is:

sublieutenancy

'position of junior officer's' is the definition.

'place secured by secondary lease' is the wordplay.
'place' becomes 'lieu' ('lieu' can be a synonym of 'place'**).
'secured by' is an insertion indicator (I've seen this in other clues).
'secondary' becomes 'sub' (prefix meaning secondary or deputy).
'lease' becomes 'tenancy'.
'sub'+'tenancy'='subtenancy'
'lieu' placed into 'subtenancy' is 'SUBLIEUTENANCY'.

I've seen this clue in The Times.
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