Use PuTTy for local SOCKS Server binding?

I want to create a SOCKS server on my gateway server.

PuTTY has it's -D switch which allows dynamic SOCKS proxy through the given SSH connection. Is it possible to do locally, without a SSH connection, with PuTTY?

If not, which cross-platform tool can help achieve the task?

I thought about creating a local SSH server and run putty [email protected] -pw Password -D 1000, but I hope there's a better solution.