In Philosophy of Mind, this is discussed in terms of different types of "supervenience" and whether the mind supervenes on the physical world in the same way as something like turbulence or digestion, or in a more limited sense where the physical world determines the content of experience but there's still more going on; and I think some say it doesn't supervene in any sense at all (but that probably just comes down to a disagreement about terminology).
Physicalists say consciousness supervenes on physical processes in the exact same way as higher-order physical properties like turbulence, digestion, being alive, etc. Dualists feel that still leaves something out.
So yes materialist answers to this question still have a lot of explaining to do, but dualism can't have a free ride either. It certainly doesn't seem to me to be simpler. At least in the physicalist explanation we can point to other epiphenomena and compare them to consciousness in broad ways. But what known, explicable, testable phenomena can we compare dualism to? It stands apart from all of science.