no, if it was tidally locked, the axis of rotation would be where we expect the north/south poles to be. u can't rotate on 2 axes at once, and as far as I know, tidal forces wouldn't be strong enough to precess the axis once a year like that. something something rotational inertia (to be clear, I'm not a physicist, I just have spent way too much time learning about space)

magnetic north tends to align approximately with the rotation of the planet so yes, it's possible, but it would only be aligned twice a year like Uranus. if a magnetic pole is pointing towards the star, it lets a lot of solar wind into the atmosphere.