If the library does not have any event or callback you cannot get a notification straight away.
You could perhaps modify the library by dissemble it and recompiling. But this will possibly violate the license agreement with the library author if there is any. It might also be possible to do at runtime, but I would recommend against both alternatives since it will make it likely to break if a new version of the library is released.
A workaround would be to use polling. Create a timer of you choice that periodically compares the current list with a saved copy (keep thread safety in mind when doing this), raises an event for any items that are different, and creates a new copy of the list. Using a poller will mean that events are not raised when they happen, and it will use some resources to compare the lists even if no changes has been made. On the other hand, if frequent changes occur, it might be better to raise a few infrequent events rather than for each change.
If you are not care about duplicates or ordering you can use a hashSet to compare two lists:
var newItems = newList.ToHashSet();
var removedItems = oldList.ToHashSet();
var intersection = newItems.ToHashSet();
intersection.IntersectWith(removedItems);
removedItems.ExceptWith(intersection);
newItems.ExceptWith(intersection);