A new class of orbital-dependent exchange-correlation (xc) potentials for applications in noncollinear spin-density-functional theory is developed. Starting from the optimized effective potential (OEP) formalism for the exact exchange potential - generalized to the noncollinear case - correlation effects are added via a self-consistent procedure inspired by the Singwi-Tosi-Land-Sjolander (STLS) method. The orbital-dependent xc potentials are applied to the Hubbard dimer in uniform and noncollinear magnetic fields and compared to exact diagonalization and to the Bethe-ansatz local spin-density approximation. The STLS gives the overall best performance for total energies, densities and magnetizations, particularly in the weakly to moderately correlated regime.
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