Artist employed by Olympic Association (7)
I believe the answer is:
picasso
'artist' is the definition.
(Picasso is an example)
'employed by olympic association' is the wordplay.
'employed by' says the answer is hidden in the clue.
'PICASSO' is hidden in the letters of 'olympic association'.
(Other definitions for picasso that I've seen before include "Spanish painter, d. 1973" , "See 1 Down" , "Spanish painter and sculptor" , "So aspic is out for the Spanish artist" , "Pablo -, Spanish painter/sculptor" .)